Adult tickets Child tickets OAP tickets Programmes0

200

400

600

800

1000

1200

Actual

Projected

Unit 9.1_Lesson 13_CD Resource 13c_School concert model SATs Prep Activity Smart Learning Ltd

School concert model

CostsStaffing costs £300.00Refreshments £600.00Radio advertising £750.00Poster print costs £200.00Ticket print costs £75.00Programmes £25.20Total costs £1,950.20

Revenue from ticketsPrice Number sold Revenue

Adult £8.00 80 £640.00Child £6.00 130 £780.00OAP £6.00 67 £402.00Programmes £4.00 84 £336.00

Total revenue £2,158.00

Profit / Loss £207.80

Questions Type your answers in the boxes below:

1£13.29

2£5.18

Change the model back

3238

Change the model back

4211

Change the model back

5If the programmes were sold at double the price, would the concert break even? no

6 At the higher programme price, only 84 are sold. What is the profit or loss?-476.2

7

Adult 8, child 6, oap 6, programmes 4

8

Revenue Adult tickets Child tickets OAP tickets Programmes TotalActual 1008 780 335 300 2423Projected 640 780 402 336 2158

9 Create a chart comparing the actual and project revenues for the concert and insert it on a new sheet.

10 You now need to create a presentation explaining to the Board of Governors that includes the following:

Your final financial modelYour comparison chartPredictions and recommendations for next years concert revenue and profit, based on your findings for this year.

What price does the adult ticket need to be in order for the concert to break even?

If the school sell 130 adult tickets at £6 each, what price does the child ticket need to be to break even?

How many OAP tickets need to be sold in order for the school to make £100 profit?

The school is going to sell tickets on the night. How many adult tickets do they need to sell in order to make £200 profit?

The school wants to make a profit of at least £200. In your opinion, what would be the best price for each ticket, and for the programmes?

The final revenue for the concert is shown in the table below. Add your projected revenues for each ticket type and programmes in the bottom row.