Online Learning for Sports Management
Exercise 3
Break- Even Analysis
Your task:
Work out how many people an event needs to break even based on the information given below. The event is a competition.
Information
Please note that in this problem there are two unknowns. You are not told how many people will attend the event, nor are you told what price they will pay.
The following information is provided. It is suggested you build a simple spreadsheet to work out the problem.
| Fixed costs | $1,000 |
| Variable cost of each competitor | $10 per person |
| Entry price for each competitor | $20 per person |
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