How many students would have to attend for the company to break even? students (b) If the trainers think, realistically, that 25 people will attend, then what price should be charged per person for the organization to break even?
How many students would have to attend for the company to break even? students (b) If the trainers think, realistically, that 25 people will attend, then what price should be charged per person for the organization to break even?
Chapter19: Pricing Concepts
Section: Chapter Questions
Problem 6DRQ
Related questions
Question
100%
Organizers of an Internet training session will charge participants $154 to attend. It costs $3,500 to reserve the room, hire the instructor, bring in the equipment, and advertise. Assume it costs $29 per student for the organizers to provide the course materials.
(a)
How many students would have to attend for the company to break even?
students
(b)
If the trainers think, realistically, that 25 people will attend, then what price should be charged per person for the organization to break even?
$
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.