Please answer this quantitative analysis question: Cristine is planning to finance her college education by selling programs at the volleyball games for State University. There is a fixed cost of P400 for printing these programs, and the variable cost is P3. There is also a P1,000 fee that is paid to the university for the right to sell these programs. She sell the programs for P5 each. However, she has become concerned that sales may fall, as the team is on a terrible losing streak, and attendance has fallen off. In fact, she believes that she will sell only 500 programs for the next game. If it was possible to raise the selling price of the program and still sell 500, what would the price have to be for her to break even by selling 500? Note: Do not include the unit in your answer. If your answer has decimal point, round off to 2 decimal places.
Please answer this quantitative analysis question:
Cristine is planning to finance her college education by selling programs at the volleyball games for State University. There is a fixed cost of P400 for printing these programs, and the variable cost is P3.
There is also a P1,000 fee that is paid to the university for the right to sell these programs. She sell the programs for P5 each. However, she has become concerned that sales may fall, as the team is on a terrible losing streak, and attendance has fallen off.
In fact, she believes that she will sell only 500 programs for the next game. If it was possible to raise the selling price of the program and still sell 500, what would the price have to be for her to break even by selling 500?
Note: Do not include the unit in your answer. If your answer has decimal point, round off to 2 decimal places.
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