Question
The University is managing a conference, with a fixed cost $15,000. The school must pay the 10 speakers $1000 each, and the college union $300
The University is managing a conference, with a fixed cost $15,000. The school must pay the 10 speakers $1000 each, and the college union $300 per conference participant for food and lodging costs. The University is charging each conference participant who is not also a speaker $750, which includes the conference fee and their food and lodging costs. How many paid registrants need to attend for University to break even? Given the profit equation is as follows: Profit = registrationfee*paidregistrants - speakers*speakersfee - (paidregistrants+speakers)*Foodandlodgingcosts - FixedCost
\begin{tabular}{c|l|} \hline 1 & INPUT \\ \hline 2 & paidregistrants \\ 3 & registrationfee \\ \hline 4 & speakers \\ \hline 5 & speakersfee \\ 6 & FixedCost \\ 7 & Foodandlodgingcosts \\ \hline 8 & \\ \hline 9 & \\ \hline 10 & CALCULATION \\ \hline 11 & profit \\ \hline 12 & \\ \hline 13 & \end{tabular}Step by Step Solution
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