Why is the leaning tower of pisa a tourist attraction

Asked by admin @ 22/11/2021 in Business viewed by 272 People

Question 2: The Leaning Tower of Pisa is a famous tourist attraction in Italy. Adult tourists pay $8 EUR per visit, while children only have to pay $5 EUR. The maintenance cost each year for the tower is $500,000 EUR. If the revenue from the Children’s tickets covers up to 40% of the maintenance cost, how many adults need to visit the tower for the Board of Tourism to break even?

Answered by admin @ 22/11/2021

Answer:

37,500 adults visits to break even

Explanation:

$\frac{Fixed\:Cost}{Contribution \:Margin} = Break\: Even\: Point_{units}$

In this case, we don't need to cover the ntire fixed cost with adult visits, as some portion is cover with children visits:

500,000 fixed cost

40% cover by children

500,000 - 40% = 300,000

Then each adult contribution is 8 EUR so we calculate the Break-even point in adul visits:

300,000 / 8 EUR per adult = 37,500 adults visits

Take any three non-collinear points a b c and draw triangle a,b,c. through each vertex of the triangle draw a line parallel to the opposite side using ruler and compass

Asked by wiki @ 15/11/2022 in Mathematics viewed by 1478 persons

Able, baker, and charles are engaged in the marketing to and enrollment of beneficiaries into medicare health plans. mr. able is an independent agent paid directly by a health plan. ms. baker is an independent agent paid through a field marketing organization (fmo). mr. charles is an independent agent paid for his work by a third-party marketing organization (tmo). how do the cms compensation rules apply to these three agents?

Asked by maham237 @ 13/01/2021 in Business viewed by 2743 persons

Why is the leaning tower of pisa a tourist attraction

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