|Shows per week|
|Nightly theatre cost|
|Unit ticket price|
|Concession profit per ticket holder|
|% seats filled|
|Days per week|
|# of weeks|
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.
This question was answered on: Dec 08, 2020
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