An event organising firm is running a one-day event and ticket price is 20 and variable...

 

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An event organising firm is running a one-day event and ticket price is 20 and variable costs are 8 per customer. Fixed Costs for the event are 6,000. a) Calculate: i. The contribution to sales ratio ii. The number of tickets to be sold to Break Even iii. The BEP in terms of Sales Revenue iv. The number of tickets to be sold to make 6,000 profit 2 marks 2 marks 2 marks I 2 marks V. The Margin of Safety in revenue if 600 tickets are sold 3 marks An event organising firm is running a one-day event and ticket price is 20 and variable costs are 8 per customer. Fixed Costs for the event are 6,000. a) Calculate: i. The contribution to sales ratio ii. The number of tickets to be sold to Break Even iii. The BEP in terms of Sales Revenue iv. The number of tickets to be sold to make 6,000 profit 2 marks 2 marks 2 marks I 2 marks V. The Margin of Safety in revenue if 600 tickets are sold 3 marks

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a i Contribution to sales ratio Selling Price Variable Cost Selling ... View the full answer