Connect with experts and get insightful answers on IDNLearn.com. Our Q&A platform offers reliable and thorough answers to ensure you have the information you need to succeed in any situation.
Finance 4
1. Members of the Mangaung Junior Council intend to raise funds for Mangaung schools by hosting a dinner-dance. They intend to sell 100 tickets at R150.00 each. They can hire a conference room at Bon Hotel or Protea Hotel for the event.
Bon Hotel - No basic fees. - R90 per person.
Protea Hotel - Basic fee of R3,600 - R50 per person.
Tables 1 and 2 below show the cost of hiring a conference room at Bon Hotel and Protea Hotel.
TABLE 1: Cost of hiring a conference room at Bon Hotel
\begin{tabular}{|l|c|c|c|c|c|c|} \hline Number of tickets sold & 0 & 25 & 50 & 90 & 95 & 100 \\ \hline Total cost (in rands) & 0 & 2250 & 4500 & A & 8550 & 9000 \\ \hline \end{tabular}
TABLE 2: Cost of hiring a conference room at Protea Hotel
\begin{tabular}{|l|c|c|c|c|c|c|} \hline Number of tickets sold & 0 & 25 & 50 & 90 & C & 100 \\ \hline Total cost (in rands) & 3600 & [tex]$B$[/tex] & 6100 & 8100 & 8350 & 8600 \\ \hline \end{tabular}
1.1 Write down the basic fee for Protea Hotel. (2)
- The basic fee for Protea Hotel is a fixed cost that does not change with the number of tickets sold. - From the provided information, the fixed basic fee for Protea Hotel is stated as R3,600.
Your participation means a lot to us. Keep sharing information and solutions. This community grows thanks to the amazing contributions from members like you. Thanks for visiting IDNLearn.com. We’re dedicated to providing clear answers, so visit us again for more helpful information.
