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)$10Favors and
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)$10Favors and program (per person)$2Band$200Rental of ballroom$1,900Professional entertainment during intermission$3,000Tickets and advertising$600
The committee members would like to charge $31 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).
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.)
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