The Canada Stage Players are local theatre group that produce various plays and shows. You have been hired by the troupe to help determine if their next show, is economically viable. As the CSP are a not-for-profit, they are not subject to tax. The troupe has provided you with the following information with regards to their show:

Rights to the show $35,000 (cost for all shows) Stage Rental Costs $28,000 (all shows) + $11/ticket sold Costume rentals $13,000 (cost for all shows) Additional cost per ticket sold $12 Ticket price $42/person

Requirement: 1) Suppose CSP offer three different prices one for children, one for adults and one for seniors; at the following prices $20/children, $42/adults, $30/seniors; $28/veterans. Through experience the CSP believe the audience at their shows will be 8% children, 52% adults 30% seniors, 10% veterans, assuming the sales mix will stay the same, how many tickets per group (Children, Adults, Seniors, Veterans) do they need sell of each in order to make $16,000? (5 marks)

2) Assuming the above pricing (part d) if all tickets sold were to children, how many tickets need to be sold in order to breakeven? (1 mark)