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 person) $15
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) $15
Favors and program (per person) $7
Band $1500
Rental of ballroom $1500
Professional entertainment during intermission $2100
Tickets and advertising $700
The committee members would like to charge $51 per person for the evening's activities.
- 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 250 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.)
Ticket price per person to break even ___________
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