Question 1

Tom & Jerry (T&J) Events Management has been asked to organize the company dinner for TriTech Technology. The costs detail for T&J are as follows:

The hotel which the dinner will be held has the following charges

i.Dinner (8 course Asian fusion) - RM 75 per person

ii.Entertainment - RM 5000

iii.Company lucky draw - RM10,000

TriTech has confirmed that 250 people will attend the dinner.

Let = number of attendees, = fee (per Trichtech staff), = variable cost

a)What is the minimum fee (per staff) that T&J should charge Tritech to organize the dinner in order to breakeven in term of operations? (2m)

b)T&J wants to ensure a profit of at least RM10,000 after organizing the event. What would be the minimum fee (per staff) that T&J will charge now? (2m)

c)Trictech is willing to pay RM150 max per staff in order to upgrade the dinner menu. What would be the new dinner cost per staff, so that T&J will be able to upgrade the dinner the dinner as per customer request, and achieve a RM1000 profit? (2m)