The evening party must be a success! Both local and visiting students should enjoy it but the organisers don't want to make a loss. They need to decide how much it will cost, what to charge for tickets and how many they need to sell.
Your task is to develop a spreadsheet model that allows the organisers to explore different options and ask 'what-if' questions such as:
- what if we use a different venue, band or DJ
- what if we spend more on promotion
- what if we sell too many or too few tickets
- what if we buy in bulk
You should base your model on one of the following examples:
Open model 1 and try it out to see what you can do with it.
- Items in blue are the different types of cost
- Cells shaded pink contain example figures. Try changing them to see what happens.
If you want to aim for something more complex, open model 2 and try it out.
- The model is only for one venue. Could you expand it so that more venues can be compared in the same model?
- Could you allow for bulk buying where the cost per item is less when you buy more?
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