ABSTRACT
As cost ¼ d16 per person when 120 people attend, revenue per person must be d16C0.8 ¼ d20.
e. The lowest price that does not result in the conference adversely affecting
this year’s profit is the variable cost, i.e., d13 (d7 þ d6).
As cost ¼ d16 per person when 120 people attend, revenue per person must be d16C0.8 ¼ d20.
e. The lowest price that does not result in the conference adversely affecting
this year’s profit is the variable cost, i.e., d13 (d7 þ d6).