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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.
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