Camp Gordon has annual fixed operating costs of £150,000 and variable cost of £550 per camper. Total fees charged to campers amount to £500 each. The camp expects 350 campers next summer. Projected government grants are £95,000. How much must Camp Gordon raise from other sources to break even?
A)£45,000
B)£37,500
C)£97,500
D)£72,500

Question

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The Answer of Camp Gordon has annual fixed operating costs of £150,000 and variable cost of £550 per camper. Total fees charged to campers amount to £500 each. The camp expects 350 campers next summer. Projected government grants are £95,000. How much must Camp Gordon raise from other sources to break even?
A)£45,000
B)£37,500
C)£97,500
D)£72,500

Camp Gordon Has Annual Fixed Operating Costs of £150,000 and Variable