Problem

(L. OBJ. 2) Computing breakeven point in sales units [5-10 min] Storytime Park competes...

(L. OBJ. 2) Computing breakeven point in sales units [5-10 min]

Storytime Park competes with Daisy World by providing a variety of rides. Storytime sells tickets at $70 per person as a one-day entrance fee. Variable costs are $15 per person, and fixed costs are $371,250 per month.

Requirement

1. Compute the number of tickets Storytime must sell to break even. Perform a numerical proof to show that your answer is correct.

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