Administrators at a university are planning to offer a summer seminar. It costs $3000 to reserve a room, hire an instructor, and bring in the equipment. Assume it costs $25 per student for the administrators to provide the course materials. If we know that 20 people will attend, what price should be charged per person to break even? Monthly fixed costs $8000 Variable cost per occupied room per night $40 Revenue per occupied room per night $165 .How many rooms would have to be occupied per month in order to break even?

Answer rating: 100% (QA)

Room reserve price hire an instructor and bring equipmen... View the full answer