Exercise 2

The purpose of this exercise is to assist the learner develop basic understanding of the types of income that are commonly earned by events.

Your Task

You are considering the feasibility of organising a concert in a venue that has a maximum capacity of 3,000. The last time this concert was staged, it was a sell out, and you are hoping for the same result.

Provide some detailed workings on how you think this concert might earn sufficient income to cover the total expected costs of $50,000 if you sell all tickets.

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