Question
The fixed costs of running a fund-raising dinner for free the delta, an organization working to address the problems of the MS Delta, are $10,000
The fixed costs of running a fund-raising dinner for free the delta, an organization working to address the problems of the MS Delta, are $10,000 and the variable costs are $75 per attendee. The facility where the event is being held can accommodate 500 people.
answer the following question about the event:
a If free the delta charged $275 per ticket, how many people would have to attend the gala for the organization to break even on the event?
b. If free the delta charged $300 per ticket, the contribution margin from each ticket sold would be:
c. If 500 people attend the event, nhow much does the organization have to charge each attendee to earn (i.e.,profit) $100,000?
(assume costs from original problem are still in effect.)
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