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The Blue Saints Band is holding a concert in Toronto. Fixed costs relating to staging a concert are $350,000. Variable costs per patron are $5.00.

The Blue Saints Band is holding a concert in Toronto. Fixed costs relating to staging a concert are $350,000. Variable costs per patron are $5.00. The selling price for a tickets $25.00. The Blue Saints Band has sold 24,000 tickets so far. At the current level of sales, what is the margin of safety in dollars?

a. $112,500

b. $180,000

c. $115,000

d. $162,500

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