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 girts for each attendee is $60 per person attending the seminar. The company seems to be competitive with other companies in the same business. How many people must attend each seminar for Golden Age to break even

Explanation / Answer

expenditure = 10000 + 1000

amount received = 60 * no of persons

to break even no of persons = 11000/60

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