Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Wedding Show attracted 600 guests with each guest paying $45 for admission. One tenth of the guests were seniors who received a discount of

The Wedding Show attracted 600 guests with each guest paying $45 for admission. One tenth of the guests were seniors who received a discount of 20%. The show also featured 25 trade booths that contained sponsors who paid $500 for their booth. The concession stand served a luncheon buffet at $20 each and 30% of the guests purchased a buffet. The Fun Photo booth charged $5 for a photo and exactly half of the guests purchased a photo. The venue rental cost $5,000. What was the sponsorship revenue for the event?

a) $53,060

b) $33,300

c) $20.830

d) $12,500

e) $ 9,500

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions