SOLUTION: The company offers seminars on the important topic of a retirement planning. For a typical seminar the room rental at a hotel is $1000 and the cost of advertising and other inciden

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Question 1177303: The company offers seminars on the important topic of a retirement planning. For a typical seminar the room rental at a hotel is $1000 and the cost of advertising and other incidentals is about $10,000 per seminar. The cost of the materials and special gifts for each attendee is $60 per person attending the seminar. The company prices its seminar fees competitively with other companies in the same business and charge is $250 per person to attend. How many people must attend each seminar to break even
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!

Hi
$1000 + $10000 + $60n = $250n
 $11000 = $190n
 $11000/$190 = n = 57.89  0r 58 people to break even.

11000 + 60*58 = 14480  14480/58 = 249.67  checks
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