Question

The choir is selling 100 coupon books for a fundraiser. Each book is being sold for 10$. The books cost $350 for the band to purchase. If they sell all of the coupon books, how much profit will be raised by the choir?

Answer 1

The choir will raise a profit of $650.

Step-by-step explanation:

To calculate the profit raised by the choir, we need to find the total revenue and subtract the cost. The choir is selling 100 coupon books for $10 each, so the total revenue from selling all the books is $10 * 100 = $1000. The cost of purchasing the books for the choir is $350. To find the profit, we subtract the cost from the total revenue: $1000 - $350 = $650. Therefore, the choir will raise a profit of $650.