Question no.3: Happy Events Ltd. are planning to organise an event of Indian classical arts in Mumbai. They have calculated an estimated budget for the proposed event. This budget is considering seating capacity of a small sized auditorium in Mumbai, Mr. Shaan, the event manager is contemplating to change the size of the auditorium to either a medium sized, large sized or very large sized auditorium. He wants you to calculate the profit loss that will occur if the event is organised at auditoriums of different sizes using Scenario Manager. He has given the following details to you for your calculations. Estimated concert budget Particulars Medium sized auditorium Large sized auditorium Very large sized auditorium # seats Venue rental Amplification Security Insurance Price ticket 650 7000 400 200 150 28 1000 10500 750 350 250 25 1500 22500 1050 500 400 22 Costs Venue: # seats 300 Talent Venue rental Amplification Lighting Ticketing Security Insurance Total costs 4,000 500 300 250 200 150 100 5,500 Revenues Price ticket 30 Ticket sales Merchandising Food & beverage Total revenue 9,000 1.500 4,500 15,000 Profit or loss 9,500 Question no.3: Happy Events Ltd. are planning to organise an event of Indian classical arts in Mumbai. They have calculated an estimated budget for the proposed event. This budget is considering seating capacity of a small sized auditorium in Mumbai, Mr. Shaan, the event manager is contemplating to change the size of the auditorium to either a medium sized, large sized or very large sized auditorium. He wants you to calculate the profit loss that will occur if the event is organised at auditoriums of different sizes using Scenario Manager. He has given the following details to you for your calculations. Estimated concert budget Particulars Medium sized auditorium Large sized auditorium Very large sized auditorium # seats Venue rental Amplification Security Insurance Price ticket 650 7000 400 200 150 28 1000 10500 750 350 250 25 1500 22500 1050 500 400 22 Costs Venue: # seats 300 Talent Venue rental Amplification Lighting Ticketing Security Insurance Total costs 4,000 500 300 250 200 150 100 5,500 Revenues Price ticket 30 Ticket sales Merchandising Food & beverage Total revenue 9,000 1.500 4,500 15,000 Profit or loss 9,500