A charity organization had to sell a few tickets to their fundraiser just to cover necessary production costs. After

selling 10 tickets, they were still at a net loss of $800 (due to the production costs). They sold each ticket for

$70.

Let y represent the net profit in dollars) when they have sold a tickets.

Complete the equation for the relationship between the net profit and number of tickets sold.

Question

Mathematics

Desiree Ramsey

24 May, 16:44

A charity organization had to sell a few tickets to their fundraiser just to cover necessary production costs. After

selling 10 tickets, they were still at a net loss of $800 (due to the production costs). They sold each ticket for

$70.

Let y represent the net profit in dollars) when they have sold a tickets.

Complete the equation for the relationship between the net profit and number of tickets sold.

+2

Answers (1)

Know the Answer?

Kiana Benjamin · Answer 1

The equation for the relationship between the net profit and number of tickets sold is y = 70 (n) - 1500

Step-by-step explanation:

Given:

Cost of each ticket = $70

Number of tickets sold = 10

Loss after selling 10 tickets = $800

Solution:

Let n be the number of tickets sold.

Now, after selling 10 tickets cost is,

70 x 10 = 700

After selling 10 tickets, there is a net loss of $800.

So, Total product cost would be

=>$700 + $ 800

=> $1500

Now the function y can be represented as

y = Revenue - cost

y = 70 (n) - 1500