Final answer:
The expected profit for the school dance is calculated by subtracting the total expenses of $350 from the total funds raised of $300, resulting in a loss of -$50.
Step-by-step explanation:
The student council at Spend too much High School is in charge of planning a school dance, and they have a certain budget to work with. They have raised funds from the sale of dance tickets amounting to $300. However, there are expenses including paying DJ Denny $250 and spending $100 on decorations.
To calculate the expected profit, we subtract the total expenses from the total raised funds:
- Total funds raised = $300
- Total expenses = $250 (DJ) + $100 (Decorations) = $350
Expected profit = Total funds raised - Total expenses
Expected profit = $300 - $350 = -$50
This means that the student council is expecting a loss, not a profit, since the expenses exceed the funds raised for the school dance.