The Blue Saints Band Is Holding a Concert in Toronto

Multiple Choice

The Blue Saints Band is holding a concert in Toronto. Fixed costs relating to staging a concert are $350,000. Variable costs per patron are $5.00. The selling price for a tickets $25.00. The Blue Saints Band has sold 23,000 tickets so far. How many tickets does the Blue Saints Band need to sell to achieve net income of $50,000 after income tax, assuming the income tax rate is 50%?

A) 2,500
B) 18,000
C) 22,500
D) 17,500