<PRE><B>Question 1056886</B>
 MAPS is planning to charge each attendee $150. 
Feast Hall, the site of the dinner, will charge MAPS $5,000 for the use of its posh VIP Room and $50 per plate for food. 
The VIP Room has a capacity of 180 people. 
Rocky Mount and the Tar Heels (one band) will provide the entertainment for their standard performance fee of $1,000 per night.
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Let &quot;x&quot; be the number of attendees:::
Cost:: 5000+50x + 1000
Revenue:: 150x
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1. How many people would need to attend in order for MAPS to break even?
Break even means Cost = Revenue
5000 + 50x + 1000 = 150x
100x = 6000
x = 60 (# of attendees if MAPS is to break even)
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2.	If MAPS sells 100 tickets for the dinner, what is the average cost to MAPS for each person with a ticket?
Cost = 50x + 6000 = 50*100+6000 = 11000
Average cost per person = 11000/100 = $110
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Cheers,
Stan H.
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