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What price per person would the company need to charge

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Question - The event company is planning a special event in March 2022. They are presenting you with the following information regarding anticipated costs. They would like to set a price of $80 per person for this event. The variable cost per person is $40. The total fixed costs for this event are $12,000. Assume that in March 2021, 400 people attended this event. What price per person would the company need to charge for this March 2021 event to break even, knowing that the variable cost per person and fixed costs remain the same?

Reference no: EM133115056

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