Question

Fundraiser sold tickets at fixed price for$70. A few more were sold to cover extra expenses.After selling 10 tickets ,they still had net loss of$800.

Let P represent net profit when they have sold ‘n’ tickets.
Complete the equation for the relationship b/n P & n

Answer 1

P = 70n - 1500

Explanation:

Fundraiser sold tickets at a fixed price for$70. Now, after selling 10 tickets, they still had a net loss of$800.

So, the price of 10 tickets is $(70 × 10) = $700.

So, initially they had loss of $(700 + 800) = $1500.

Now, if they sell n tickets in total and make a profit of P, then the relationship between P and n can be written as

P = 70n - 1500 (Answer)