Math Is Fun Forum

its alainakay x

Member

Registered: 2007-01-10

Posts: 1

Profit and loss

How do you find the profit for this problem?

The school drama club is performing its summer play at the community theater. Props for the play cost $250, and the theater is charging the drama club $1.25 for each ticket sold. So, the total cost, C, for the drama club to put on the play is C=1.25N+250, where N is the number of tickets sold. Customers pay $4 for each ticket, so the total amount collected from ticket sales is T=4N.

What is the drama club's profit or loss if 213 tickets are sold?

Thanks!

mathsyperson

Moderator

Registered: 2005-06-22

Posts: 4,900

Re: Profit and loss

The question already gives you all the formulas that you need.
The profit is given by the total amount collected minus the cost, or T-C.

P = T-C =  4N - (250 + 1.25N) = 2.75N - 250.

213 tickets are sold, so the profit is 213*2.75 - 250 = 585.75 - 250 = $335.75

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Why did the vector cross the road?
It wanted to be normal.