The Hartford Symphony Guild is planning its annual dinner$-$dance and assembled the following expected costs for the event:

Dinner $($per person$)$ $ $18$

Favors and program $($per person$)$ $ $2$

Band $ $2,800$

Rental of ballroom $ $900$

Professional entertainment during intermission $ $1,000$

Tickets and advertising $ $1,300$

The expected ticket price is $$35$ per person.

Exercise $5-16($Static$)$ Part $1$

Required:

What is the break$-$even point for the dinner$-$dance $($in terms of the number of persons who must attend$)?$

Assume that last year only $300$ persons attended the dinner$-$dance. If the same number attend this year, what price per ticket must be charged to break even?

Answer rating: 100% (QA)

To find the breakeven point for the dinnerdance in terms of the number of persons who must attend we ... View the full answer