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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.

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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 3 years ago
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