Golden Age Retirement Planners specializes in providing financial advice for peo

Question

Golden Age Retirement Planners specializes in providing financial advice for people planning for a comfortable retirement. The company offers seminars on the important topic of retirement planning.  For a typical seminar, the room rental at a hotel is $1,000, and the cost of advertising and other incidentals is about $10,000 per seminar.  The cost of the materials and special gifts for each attendee is $60 per person attending the semianr.  The company charges $250 per person to attend the seminar as this seems to be competitive with other companies in the same business.  

Golden Age Retirement Planners specializes in providing financial advice for people planning for a comfortable retirement. The company offers seminars on the important topic of retirement planning. For a typical seminar, the room rental at a hotel is $1,000, and the cost of advertising and other incidentals is about $10,000 per seminar. The cost of the materials and special gifts for each attendee is $60 per person attending the semianr. The company charges $250 per person to attend the seminar as this seems to be competitive with other companies in the same business.

Explanation / Answer

I'm guessing the question is how many people do they need to sign up to break even.

Assuming it is the answer is x* (250-60) - 11,000=0

x= 11,000/190= 57.89 or 58 people.

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