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3.3 Revenues, costs and profits

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Question 5

Apex Interactive Theatre produces immersive theatrical events. Its latest production is 'Echoes of the Void', with a total production cost of £150,000. The ticket price is £30, and the specialized venue has a capacity of 150 participants per show. Under their financial plan, revenue from ticket sales is projected to cover exactly 30% of the total production cost. Private donor grants contribute 55% towards total cost, and local municipal sponsorships ensure the production covers all of its remaining costs.

Calculate the total revenue from ticket sales for 'Echoes of the Void', assuming it is performed 10 times, all at full capacity. You are advised to show your working.

[2]

3.3 Revenues, costs and profits Questions

  1. A Level
  2. /Economics
  3. /3.3 Revenues, costs and profits