A company that teaches self-improvement seminars is holding one of its seminars in Lancaster. The company pays a flat fee of $98 to rent a f

Question

A company that teaches self-improvement seminars is holding one of its seminars in Lancaster. The company pays a flat fee of $98 to rent a facility in which to hold each session. Additionally, for every attendee who registers, the company must spend $16 to purchase books and supplies. Each attendee will pay $65 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?

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Rylee 2 weeks 2021-11-16T04:09:39+00:00 1 Answer 0 views 0

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    2021-11-16T04:10:52+00:00

    Answer:

    Step-by-step explanation:

    Let x represent the number of attendees that it will take the company to break even.

    The company pays a flat fee of $98 to rent a facility in which to hold each session. Additionally, for every attendee who registers, the company must spend $16 to purchase books and supplies. This means that the total cost that the company would pay for x attendees is

    16x + 98

    Each attendee will pay $65 for the seminar. This means that the total revenue that the company would generate from x attendees is 65x.

    At the break even point,

    total cost = total revenue

    Therefore,

    16x + 90 = 65x

    65x – 16x = 98

    49x = 98

    x = 98/49

    x = 2

    It will take 2 attendees and the total expenses and revenues is

    2 × 65 = $130

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