You are planning a $100 per ticket dinner-dance fundraiser for your favorite charity at a local hotel. The hotel will charge you $40 per dinner if you choose a beef plate. In addition to the hotel expenses, you will spend $1,000 in decorations, and pay the band $2,500, bartenders $300, and security guards $400.
a. What is your contribution margin per ticket?
b. How many tickets must you sell to break even?
c. What is your revenue when you break even?
d. How many tickets must you sell to have a profit of $6,000?