Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

the emcienc b. The social committee of a college's student government is planning the annual graduation dinner and dance. The preferred band can be

image text in transcribed

the emcienc b. The social committee of a college's student government is planning the annual graduation dinner and dance. The preferred band can be signed for $900 plus 15% of ticket revenues. A hall can be rented for $4400. Fire regulations limit the hall to 400 guests plus the band and caterers. A food caterer has quoted a price of $24 per person for the dinner. The committee thinks that the event will be a sellout if ticket prices are set at $46 per person. Some on the committee are in favor of less crowding at the dance and argue for a ticket price of $56. They estimate that 300 guest will attend at the higher price. Calculate the number of tickets that need to be sold at each price to break even [2+2=4 Marks]

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image
Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management

Authors: Stephen P Robbins, Mary Coulter

11th Edition

9780273752776, 132163845, 273752774, 978-0132163842

More Books

Students explore these related General Management questions