Question
The Hartford Symphony Guild is planning its annual dinner dance. The dinner dance committee has assembled the following expected costs for the event. Dinner (per
The Hartford Symphony Guild is planning its annual dinner dance. The dinner dance committee has assembled the following expected costs for the event.
Dinner (per person)$10
Favors and program (Per person) $4
Band $700
Rental of ballroom$2,000
Professional entertainment durning
intermission $2,000
Tickets and Advertising $700
The committee members would like to change $41 per person for the evening's activities
Required:
1. Compute the break-even point for the dinner-dance (in terms of the number of persons who must attend)
Break-even point ________________ | Persons.
2. Assume that last year only 200 persons attended the dinner-dance .If the same number attend this year, what price per ticket must be charged in order to break even? ( Round your answer to 2 decimal places)
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