The Kendikei Literary Guild is planning its annual gala. The gala committee has assembed the...
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Accounting
The Kendikei Literary Guild is planning its annual gala. The gala committee has assembed the following expected costs for the event:
Dinner (per person)
$ 21
Favors and program (per person)
$ 2
Band
$ 1,275
Rental of ballroom
$ 510
Professional entertainment during intermission
$ 1,020
Tickets and advertising
$ 2,295
The committee members would like to charge $40 per person for the evening's activities.
If the committee sells 360 tickets, what is its margin of safety percentage? Round your answer to the closest whole percent. Do not include a percent sign in your response.
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