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Topeka Homeless Shelter (THS) has an annual fund-raising dinner. The fixed costs for the dinner are $10,000 and the variable costs are $100 per attendee.

Topeka Homeless Shelter (THS) has an annual fund-raising dinner. The fixed costs for the dinner are $10,000 and the variable costs are $100 per attendee. The facility where the event is held can accommodate 400 people.

Again, suppose the event sells out at $150 per person. What is the net income (i.e. profit) for THS raised by the dinner?

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