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?
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
