The fixed costs of running a fund- raising dinner for Meals for the Homeless are $ 10,000 and the variable costs are $ 75 per attendee. The facility where the event is being held can accommodate 500 people. Answer the following questions about the event:
1. If Meals charged $ 275 per ticket, how many people would have to attend the gala for the organization to break even on the event?
2. If Meals charged $ 300 per ticket, the contribution margin from each ticket sold would be: ______________.
3. If 500 people attend the event, how much does the organization have to charge each attendee to earn a profit of $ 100,000? (Assume costs from original problem are still in effect.)
The fixed costs of running a fund raising dinner for