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You’re on a committee to host the banquet for a main fundraising organization, which will comprise live music, reception, full meal (salad, appetizer, entrée, soup, vegetables, coffee/tea and dessert). The band is $2500 for the evening. The other fixed costs comprise ice sculpture, $300, reception $2500, photographer, $750 and assorted, $3,000. The meal cost is $45 per ticket. If ticket prices are $100, what is the breakeven number of the ticket sales for event? Now suppose that the event planner takes 10% of every ticket sale…what would be the break even in this case? What is the contribution margin at the breakeven sales?

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M910694

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