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Q2 The Walk for Kids (WfK) is an annual fundraising event that raises money for research on children's blood disorders. WfK costs $120,000 to stage.
Q2 The Walk for Kids (WfK) is an annual fundraising event that raises money for research on children's blood disorders. WfK costs $120,000 to stage. Each walker receives a t-shirt that costs $12 and refreshments that cost an average of $16 per person. This year, organizers received a grant of $25,000 from the OHSU Foundation to offset some of the costs. WfK raises money by asking each walker to pay $20 to register and requires each walker to solicit sponsors who agree to pay $0.75 per mile for each of the 10 miles that the walker completes. Assume that all of the walkers complete the course and that the average number of sponsors is 20 per walker. How many walkers must participate for the event to break-even? How many walkers must participate for the event to net $50,000 to support the research
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