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The Hartford Symphony Guild is planning its annual dinner-dance. The dinner-dance committee has assembled the following expected costs for the event. The committee members would like to charge 35 per person for the evening's activities.
(b) Assume that last year only 300 persons attended the dinner-dance. If the same number attend this year, what price per ticket must be charged in order to break even?

Respuesta :

abhaydwive123

$40 price per ticket must be charged in order to break even.

Giving the following information:

2) Q= 300    P=?

300=6000/(P-20)

300*(P-20)= 6000

300P=12000

P=$40.

The break-even point is the point at which total costs equal total revenue. In other words, there is no loss and no profit for SMEs. This means that we have reached a stage of production where the cost of production equals the revenue of the product.

To calculate the break-even point in units, use the following formula: Break-even point (units) = fixed cost ÷ (selling price per unit – variable cost per unit) or in sales dollars, using the following formula: break-even point - points (sales) = fixed costs ÷ contribution margin.

Learn more about the break-even at

https://brainly.com/question/9212451

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