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Problem:

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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