The Hartford Symphony Guild is planning its annual dinner-dance. The dinner-dance committee has assembled the following expected costs for the event:
Dinner (per person)$10 Favors and program (per person)$2 Band$200 Rental of ballroom$1,900 Professional entertainment during intermission$3,000 Tickets and advertising$600
The committee members would like to charge $31 per person for the evening’s activities.
Required:1.Compute the break-even point for the dinner-dance (in terms of the number of persons who must attend).
2.Assume that last year only 250 persons attended the dinner-dance. If the same number attend this year, what price per ticket must be charged in order to break even? (Round your answer to 2 decimal places.)