Question

The cost of putting on a play is $500 for the theater rental, $500 for the actors, and $750 for set decorations and costumes. If tickets are sold for $25 each, how many tickets need to be sold to reach the break-even point?

Answer 1

The total cost of putting on the play is $500 for theater rental + $500 for actors + $750 for set decorations and costumes = $1750.

To reach the break-even point, the revenue from ticket sales needs to equal the total cost, so $1750 = $25 x (number of tickets sold).

Solving for the number of tickets sold, we can divide both sides by $25: $1750 / $25 = (number of tickets sold).

This gives us: 70 = number of tickets sold.

Therefore, Mr. Curry needs to sell 70 tickets to reach the break-even point.

Explanation: