Patricio is in the show business. He decides tobring his good friend Shakira to Boston and organize
Question:
Patricio is in the show business. He decides tobring his good friend Shakira to Boston and organize aconcert there. He has the following costs:
Rent of the hotel where Shakira will singand dance $ 10,000
Flyer advertising $10 perticket
Printing of each ticket tobe sold $ 20per ticket
Feescharged by Shakira $ 100,000
TV advertising $100 perticket
Plane ticketto bring Shakira $ 2,000
Roomwhere Shakira will stay $ 800
Radio advertising $50 perticket
If Patricio decides to charge $ 200 for everyticket to Shakira’s concert, what is the amountof tickets that Patricio must sell to obtain zero profits and zerolosses?
Business Statistics A Decision Making Approach
ISBN: 9780133021844
9th Edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry