A Company operating in the sports industry is planning an event for December 2023 in Lagos. The estimated fixed cost for the sporting event will be $6million which include money paid for the performers hired for the event and the advertising cost. The company provides that every sport attendant will be served with a prepacked buffet at $2,000 each which includes the cost of ticket negotiated at $1,000 each. You have been engaged to provide the following information for sporting company.
a.Number of properties company must sell to break even
b.Number of tickets company must sell to earn a profit of $4million
c. The profit company would make if it sold 8600 tickets
d.Selling price that would be charged to give a profit of $3.5million if 8300 tickets were sold
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