Question

Your soccer team isnt holding a silent auction dinner as a fundraiser to pay for school uniforms. The list shows all the expenses for the silent auction, 1) a tablet costs $280 2) football tickets that cost $100 3) a gift card that cost $20 4) the cost of the food is $400. The members of the soccer team will be selling tickets to the silent auction. A ticket to the silent auction includes chances to win prizes and dinner. The ticket cost is set so that 50 tickets will pay for the cost of food and prizes and food. Part a determine the cost per ticket. Part B build a function that can be used to find the total profit, f(x), the soccer team earns by selling x tickets. Show your work to build a function. Part C your soccer team needs to raise at least $300 more than the total cost of the expenses. What is the minimum number of tickets that must to be sold in order for your team to reach their goal? Use the mathematics to justify your response.

Answer 1

A) $16

B) p(x) = 16x -800

C) 69 tickets

Explanation:

A) The total of expenses is ...

$280 +100 +20 +400 = $800

If this is covered by 50 tickets, then a ticket must provide revenue of ...

$800/50 = $16

The cost per ticket is $16.

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B) The profit is the difference between revenue and expenses. The revenue from sale of x tickets will be 16x. The expenses are fixed at 800, so the profit is ...

p(x) = 16x -800

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C) We can find the number of tickets to sell (x) in order for profit to be at least $300 by solving the inequality ...

p(x) ≥ 300

16x -800 ≥ 300 . . . . . use the expression for p(x)

16x ≥ 1100 . . . . . . . . . add 800

x ≥ 68.75 . . . . . . . . . . divide by 16 . . . (the least satisfactory integer is 69)

In order to raise at least $300, the number of tickets sold must be at least 69.