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Q1) County Museum is planning fund-raising dinner. Initial plan was to charge $100/ticket. Catering costs would be $40/plate.  Rent of facility would be $4,000 for event, and paid staffers (not counting volunteers) would cost $1,000. String quartet would give dinner music for $2,000. It is expected that 400 persons would attend this dinner.

New plan has been put forward for more deluxe event, with tickets costing $160. Catering for more elaborate dinner would run $70/plate.  Bigger \"name\" entertainment would be hired instead of strings, costing $5,000.  Paid staff would double to give better service. How many tickets should be sold for more deluxe event in order for it to yield same profit as original plan?

Accounting Basics, Accounting

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