Dinner (per person)................................$7
Favors and programs (per person)..........$3
Band......................................................$1,500
Tickets and advertising...........................$700
Riverboatrental.....................................$4,800
Floorshow and strolling entertainers.......$1,000
The commitee members would like to charge $30 per person forthe evening's activities.
1. Compute the break-even point for the Extravaganza (in termsof the number of persons that must attend).
2. Assume that only 250 persons attended the Extravaganza lastyear. If the same number attend this year, what price per ticketmust be charged to break even?