The committee of a sport organisation is considering three different venues to stage a major fundraising...

 

Transcribed Image Text:

The committee of a sport organisation is considering three different venues to stage a major fundraising event. Venue A has a maximum seating capacity of 500 people and costs $1,200 to hire. Venue B has a maximum capacity of 1000 and costs $3,500 and Venue C has a maximum capacity of 2000 and costs $9,000. If the variable cost for each participant is $5.20, which venue would be the most profitable at maximum capacity? To solve this problem you will need three separate spreadsheets, one for each venue. The committee of a sport organisation is considering three different venues to stage a major fundraising event. Venue A has a maximum seating capacity of 500 people and costs $1,200 to hire. Venue B has a maximum capacity of 1000 and costs $3,500 and Venue C has a maximum capacity of 2000 and costs $9,000. If the variable cost for each participant is $5.20, which venue would be the most profitable at maximum capacity? To solve this problem you will need three separate spreadsheets, one for each venue.

Answer rating: 100% (QA)

To determine the most profitable venue at maximum capacity we need to compare the revenue and costs ... View the full answer