Question

1- Tickets cost £18.50 to a music gig. The band sells 189 tickets and the

venue costs them £3000. Estimate how much profit they will earn.
3 points
O £ 496
O £ 591
O £ 1000​

Answer 1

The answer is £ 496

Profit ( P) = Selling price (S) - Cost price ( C)

From the above question

Cost price = £3000

To find the selling price multiply the price of one ticket by the number of tickets sold

That's

Selling price = £18.50 × 189 = £3496

So now

Profit = £3496 - £3000 = £ 496

Hope this helps you