The Oviedo Thespians are planning to present performances of their Florida Revue on 2 consecutive nights in January. It will cost them $5,000 per night for theater rental, event insurance and professional musicians. The theater will also take 10% of gross ticket sales. How many tickets must they sell at $10.00 per ticket to raise $1,000 for their organization?
A) 1000 tickets
B) 1,112 tickets
C) 1,223 tickets
D) There is not enough information

Question

Quizplus · Accepted Answer

To find the number of tickets needed, calculate the total costs and desired profit, then determine the ticket sales required. Total cost for 2 nights is $10,000. They want to raise $1,000, so they need $11,000 in total. With 10% of sales going to the theater, they need $11,000 / 0.9 = $12,222.22 in gross sales. At $10 per ticket, they need to sell 1,223 tickets.

The Oviedo Thespians Are Planning to Present Performances of Their