Patricia runs a small events-organizing company based in Nairobi. She has just received an order to...
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Patricia runs a small events-organizing company based in Nairobi. She has just received an order to organize an SME development seminar at the Sarova Stanley Hotel hosted by the World Bank. She is billing World Bank Ksh 10,000 per participant while the hotel charges her Ksh 2,500 per participant for meals in addition to a charge of Ksh 225,000 for the hall and other amenities. Assume there is linear relationship between the costs and the number of participants Required: i. Obtain the minimum number of participants required to attend the forum for Patricia to break even (2 Marks) ii. Calculate the number of participants she would need to attend for her to make a profit of Ksh 337,500? Patricia runs a small events-organizing company based in Nairobi. She has just received an order to organize an SME development seminar at the Sarova Stanley Hotel hosted by the World Bank. She is billing World Bank Ksh 10,000 per participant while the hotel charges her Ksh 2,500 per participant for meals in addition to a charge of Ksh 225,000 for the hall and other amenities. Assume there is linear relationship between the costs and the number of participants Required: i. Obtain the minimum number of participants required to attend the forum for Patricia to break even (2 Marks) ii. Calculate the number of participants she would need to attend for her to make a profit of Ksh 337,500?
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Related Book For
Business Statistics A Decision Making Approach
ISBN: 9780133021844
9th Edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry
Posted Date:
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