Question Details

(Solution Download) Inputs Development cost Shows per week Nightly theatre cost Unit ticket price Concession profit per


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Inputs
Development cost
Shows per week
Nightly theatre cost
Unit ticket price
Concession profit per ticket holder
Theatre capacity
% seats filled
Days per week
# of weeks
Total Revenue
Total Cost
Total Profit

 

We are thinking of opening a Broadway play. It will cost $5

 

million to develop the show. There are eight shows per week. It

 

costs $1000 to open up the theatre each night, and the theatre

 

opens 7 days per week. Tickets sell for $50 and we earn an average

 

of $1.50 profit per ticket holder from concessions. The theatre

 

holds 800 and we expect 80% of the seats to be full. The play is

 

projected to be on for 100 weeks, but we want to know how many

 

weeks will the play have to run for us to breakeven. Use Goal

 

Seek to find the solution.

 


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