Question

A company that teaches self-improvement seminars is holding one of its seminars in Greenwood. The company pays a flat fee of $264 to rent a facility in which to hold each session. Additionally, for every attendee who registers, the company must spend $15 to purchase books and supplies. Each attendee will pay $16 for the seminar. Once a certain number of attendee register, the company will be breaking even. What will be the company's total expenses and revenues? How many attendees will that take?

Answer 1

Explanation:

expenses :

flat fee of 264 + 15 for every attendee (a)

264 + 15a

revenue :

16 per attendee

16a

break even point is when expenses = revenue

264 + 15a = 16a

264 = 16a - 15a

264 = a

total expenses: 264 + 15a......264 + 15(264) = $ 4224

total revenue : 16a......16(264) = $ 4224

attendees taken : 264