No problem! I can help you create a budget for the grade 10 dance committee. Here's a step-by-step breakdown of how you can do it:
1. Determine the income:
- Calculate the total income from ticket sales by multiplying the number of grade 10 learners (110) by the ticket price (R120):
Total income = 110 x R120
2. Identify the expenses:
- Food: Estimate the cost of food per person or per plate, and multiply it by the number of expected attendees. Let's assume the cost per person is R50.
- Music: Research local DJs, bands, or other entertainment options and get quotes for their services.
- Decor: Determine the decoration theme and estimate the cost of decorations, such as balloons, banners, and table centerpieces.
- Drinks: Estimate the cost of drinks per person or per serving, and multiply it by the number of attendees.
3. Break down the expenses and estimate the costs:
- Food: Multiply the cost per person (R50) by the number of attendees (110).
- Music: Consider the quotes received from various DJs or bands and choose the option that fits your budget. Note down the chosen price.
- Decor: Research and estimate the cost of decorations based on your chosen theme.
- Drinks: Estimate the cost per person or per serving, and multiply it by 110.
4. Calculate the total expenses:
- Add up the individual expenses calculated above (food, music, decor, drinks) to get the total expenses.
5. Calculate the profit or loss:
- Subtract the total expenses from the total income to find out whether there is a profit or loss.
Profit/Loss = Total income - Total expenses
6. Adjust the budget if necessary:
- If there is a profit, you can consider allocating some funds for contingencies or additional activities.
- If there is a loss, you may need to rethink some expenses or find ways to reduce costs.
Remember, these are just general guidelines, and the specific details will depend on your school's requirements, pricing in your area, and other factors. Make sure to research and gather accurate cost estimates to create a realistic budget for your grade 10 dance committee.