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orit is planning a party and needs to rent a banquet hall. she has narrowed down her choices to two banqurt halls. the first charge is $2000 up front and $25 per person. the second charge is $50 per person. which hall should orit chose?
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depends on how many people doesn't it? put P = number of people then first one cost \[2000 +25P\] second one is \[50P\] if you want to know what the break even point is set = and solve \[50P=25P+2000\] \[25P=2000\] \[P=80\]
so if there are more than 80 people choose option 1. if less choose option 2
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