The VA-TX Company is going to present a new product in SantaClara,California.In this event,VA-TX will...

The VA-TX Company is going to present a new product in Santa Clara,California.In this event,VA-TX will present a seminar with a coffee break. The auditorium’s capacity is 500 people. The cost of renting the place is $4000/day, utilities included. Moreover, the cost of the food and drinks is $5 per person. After some other experiences, the company knows that 50% of the audience buys its product, which is priced at $75. Is Santa Clara a profitable place to do this kind of campaign? Need the answer in excel form please.

Expert Solution

Particulars	Amount	Calculation
Auditorium Capacity	500	Given
Audience purchasing Product	250	500*50%
Price of Product	$ 75.00	Given
Sales	$ 18,750.00	250*75
Cost of Products	$ 1,250.00	250*5
Renting cost	$ 4,000.00	Given
Profit	$ 13,500.00	18750-1250-4000

jeff jeffy answered 2 years ago

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