The Thanjavur Classical Dance Society is a not$-$for$-$profit organization that brings

guest artists to the community's greater metropolitan area. The Dance Society just

bought a small concert hall in the center of town to house its performances.

The organization pays its guest performers Rs $50,000$ per concert and$\_$ anticipates total

income from ticket sales to be Rs $100,000$ per concert. The Dance Society also

incurs

costs of approximately Rs $20,000$ per concert for marketing and advertising. The

organization pays its artistic director Rs $500,000$ per year and expects to receive Rs

$80,000$ per year in donations in addition to its ticket sales. The mortgage payments on the

concert hall are expected to be Rs $30,000$ per month.

Required

$1.$ How many concerts should The Thanjavur Classical Dance Society hold per year

to break even?

$2.$ Assuming The Thanjavur Classical Dance Society expects to hold $60$ concerts a

year, what is its margin of safety $($in terms of concerts$)?$

$3.$ In addition to to the organization's artistic director, the Dance Society would like to

hire a marketing director for Rs $420,000$ per year. It is expected that the addition

ofa marketing director would allow the organization to increase the number of

concerts. What a are$1$ the minimum number of concerts that The Thanjavur Classical

Dance Society should hold for it to generate the same operating income that it

would have generated earlier $($ie at $60$ concerts without the marketing director$)?$