+56 Math club is having a fund-raising event at the Atlantis Resort. The resort is charging $2000 for the room and $50 additional for each guest in attendance. If 1000 guests attend the event, what was the total revenue to ensure $10000 in profits.
+1945
Math club is having a fund-raising event at the Atlantis Resort. The resort is charging $2000 for the room and $50 additional for each guest in attendance. If 1000 guests attend the event, what was the total revenue to ensure $10000 in profits.
Expenses: $ 2,000
$50 x 1,000 = $50,000
total expenses $52,000
Want to make $10,000 profit
break even point $52,000
profit $10,000
add together $62,000
The sponsors need to gross $62,000 to pay $52,000 for the hall and realize $10,000 profit.
This does not take into account expenses other than renting the hall, such as refreshments.
.
