Event Cost Options

[rick 918-S]

As we approch the launch of the web page we need to put a number on this thing.

We will need to address minimum costs like a party room either at the home base hotel, bowling alley, or a local restaurant.

Swag like Windbreakers, shirts or hats..etc. something...

Would pay $ 50.00 for on 75.00 for two

Say 25 people @ $ 50.00 = $ 1250.00

Room rent 200.00?
Small catered food 400.00?
Event windbreaker Qnty: 25 @ 25.00= $ 625.00 ?

total $ 1225.00?

[VaccaRabite]

Also, if there is a "Preferred Price" that we are trying to meet, I need to know what that is. I am curently working on the assumption of 80 people to break even at X dollars. I could work it X people to break even at Y dollars, if I knew what we wanted "Y" to be.

If you don't know how to do a break even, its just : X(total variable costs)+total fixed costs/X = break even cost. X being the amount of units (people, in this case) that we need in order to break even. If X is lower lower we loose money, if X is higher we make profit. If we want to set the event price to be a specific number, we just use algebra to move the equation around and solve X. If we know what X is, then we solve the equation as it is presented here.

Zach