Answer to Question #139559 in Math for Preeti

Question

There may be a temptation to continue to raise the ticket sales to increase the amount of money raised. Certainly, you often hear of a guest speaker at a fundraising dinner where people are charged $100 a plate. What do you think is a realistic price for tickets? What are the consequences of raising the price to $50 a plate or $100 a plate.

Answer 1

Usually a realistic price for tickets is lower, because the main purpose of such fundraising dinners is to raise money for some purpose. The consequences of raising the price to $50 a plate or $100 a plate is the decrease in number of guests, and if the price is too high, then the total amount of money raised will become lower than at lower price per plate.