You are organizing a Fundraising Gala and you have received the following information: Tickets to the event cost $200 per person Various costs include dcor: $1,500, venue rental: $2,500, promotion: $5,000, artists' fees: $5000, insurances: $1,000, coordination and administration $5,000. The best quote received for food and beverage costs is $56 per head. You already know that you can count on a $2,000 sponsorship for your Gala. Not taking into consideration the sponsorship received, how many tickets do you have to sell? if you want to generate a profit of $55,000.

Answer rating: 100% (QA)

To calculate the total cost without considering the sponsorship we sum up all the costs Total cost D... View the full answer