2. School concert model
Costs
Staffing costs £300.00
Refreshments £600.00
Radio advertising £750.00
Poster print costs £200.00
Ticket print costs £75.00
Programmes £25.20
Total costs £1,950.20
Revenue from tickets
Price Number sold Revenue
Adult £8.00 80 £640.00
Child £6.00 130 £780.00
OAP £6.00 67 £402.00
Programmes £4.00 84 £336.00
Total revenue £2,158.00
Profit / Loss £207.80
Questions Type your answers in the boxes below:
1
What price does the adult ticket need to be in order for the concert to break even? £13.29
2 If the school sell 130 adult tickets at £6 each, what price does the child ticket need
to be to break even? £5.18
Change the model back
3
How many OAP tickets need to be sold in order for the school to make £100 profit? 238
Change the model back
4 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? 211
Change the model back
5
If 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 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?
Adult 8, child 6, oap 6, programmes 4
8 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.
Revenue Adult tickets Child tickets OAP tickets Programmes Total
Actual 1008 780 335 300 2423
Projected 640 780 402 336 2158
Create a chart comparing the actual and project revenues for the concert and insert it on a new sheet.
9
You now need to create a presentation explaining to the Board of Governors that includes the following:
10
Your final financial model
Your comparison chart
Predictions and recommendations for next years concert revenue and profit, based on your findings for this year.
Unit 9.1_Lesson 13_CD Resource 13c_School concert model SATs Prep Activity Smart Learning Ltd
