Question: Kim is thinking about organizing a fundraiser to support a local charity. She has planned to rent a banquet hall and provide guests with food,

Kim is thinking about organizing a fundraiser to support a local charity. She has planned to rent a banquet hall and provide guests with food, entertainment, and various party favours. She has decided to charge $500 per person. After investigating around town, Kim discovered the following costs:

Fixed Costs Banquet Hall Rental Fee $150,000
Advertising 50,000
Entertainment 4,000
Variable Costs Per Guest Food $12
Other Miscellaneous 8

How many guests must attend for Kim to break even?

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