The book of mormon is one of the biggest musical hits on broadway. it has received many awards including tony and grammy awards. according to wikipedia, "high attendance coupled with aggressive pricing allowed the financial backers to recoup their investment of $11.4 million after just nine months of performances." while the highest ticket price was $477, the average price is $170. what is the variable cost per ticket?
- Assume the following:
- The theater has 30 performances per month.
- The theater has 1100 seats. on average, the theater was 95% full (with paying customers).