1. What is the total cost incurred if 15,000 tickets are sold?

Fixed Cost P30,000

Variable Cost (15,000 × P10) 150,000
Total Cost P180,000

2. How much must be charged per ticket to earn its desired profit?
Total Cost P180,000
Desired Profit (15,000 × P8) 120,000
P300,000
Divide by: Assumed tickets sold 15,000
Per ticket P20

3. Suppose that on the morning of January 28, a major southwest monsoon

hits your area. Only 5,000 tickets were sold because most students plan to
buy their tickets at the entrance. What is the total profit or loss?

Total Revenue (5,000 × P20) P100,000

Less: Total Cost
Fixed Cost (30,000)
Variable Cost (5,000 × P10) (50,000) (P80,000)
Net Profit P20,000

4. Suppose instead that fair weather prevails and by the show time, 20,000
concert were sold. What is the total profit or loss?

Total Revenue (20,000 × P20) P400,000

Less: Total Cost
Fixed Cost (30,000)
Variable Cost (20,000 × P10) (200,000) (P230,000)
Net Profit P170,000