Question

The student council at Spend too much High School is planning a school dance. The table below shows the budget for the dance.

School dance budget
Item Funds raised Expenses
Dance tickets $300
DJ Denny $-250
Decorations $-100
What is the student council's expected profit?

Answer 1

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.