The Hartford Symphony Guild is planning its annual dinner-dance. The dinner-dance committee has assembled the following expected costs for the event:…

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.)