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