Answered

IDNLearn.com: Your trusted source for finding accurate answers. Get prompt and accurate answers to your questions from our community of knowledgeable experts.

A charity organization is having a fundraiser. [tex]\( P \)[/tex] represents the fundraiser's profit (in dollars) if [tex]\( n \)[/tex] tickets are sold. A negative profit means the expenses exceeded the income from tickets.

[tex]\[ P = 70n - 1500 \][/tex]

What are the expenses of the fundraiser?

Sagot :

GinnyAnsweridn
To determine the expenses of the fundraiser given the profit formula [tex]\(P = 70n - 1500\)[/tex], let's break down the components of the equation step-by-step:

1. Understanding the components of the equation:
- [tex]\(P\)[/tex]: The total profit made from selling [tex]\(n\)[/tex] tickets.
- [tex]\(70n\)[/tex]: This term represents the revenue generated by selling [tex]\(n\)[/tex] tickets, with each ticket contributing [tex]$70. - \(-1500\): This term represents the fixed expenses incurred by the organization, regardless of the number of tickets sold. 2. Identifying the fixed expenses: - When there is no revenue from tickets (\(n = 0\)), the profit \(P\) equation becomes \(P = -1500\). This negative value indicates that the expenses are $[/tex]1500.

3. Conclusion:
- Therefore, the expenses of the fundraiser are [tex]$\$[/tex]1500.

In summary, the fixed expenses of the fundraiser, as given in the equation, are [tex]\(\$1500\)[/tex].
We appreciate your participation in this forum. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. Your search for answers ends at IDNLearn.com. Thanks for visiting, and we look forward to helping you again soon.