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What price per ticket must be charged

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Question - The Hartford Symphony Guild is planning its annual dinner dance. The dinner dance committee has assembled the following expected costs for the event.

Dinner (per person) $10

Favors and program (Per person) $4

Band $700

Rental of ballroom $2,000

Professional entertainment during intermission $2,000

Tickets and Advertising $700

The committee members would like to change $41 per person for the evening's activities.

Required -

1. Compute the break-even point for the dinner-dance.

2. Assume that last year only 200 persons attended the dinner-dance. If the same number attend this year, what price per ticket must be charged in order to break even?

Reference no: EM132619265

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