You are promoting an arts event that will take place in a few months. The use of facilities is being donated to your organization. These facilities can handle a crowd of 1,000 people. The people who donated the use of the facilities did so under the condition that you do not profit from the event and that you charge no more than $10 per ticket. You know that your variable cost per person will be $0.75. You need to determine how much money you will get from ticket sales to cover the portion of the fixed costs that your organization will be responsible for artist fees, rental of event necessities, etc.) Since the venue seats 1,000 people and you are sure that the event will be a sell- out, 1.000 can be used as your break-even volume Break-even volume fixed cost / (price - variable cost) So Break-even volume (price - variable cost) - fixed cost How much money will your organization get to cover your fixed costs (that is, how much of a budget do you have for this event)