Question

98 Points! MATH SOLVING SYSTEMS OF LINEAR EQUATIONS

Answer 1

Answer:

40 Tickets

80 Tickets

Step-by-step explanation:

To find how many tickets it will take to break even, we use the formula:

$Break Even In Units = \dfrac{FixedCost}{SalesPricePerUnit-VariableCost}$

Our variables are:

Fixed Cost = $200

Sales Price = $10

Variable Cost = $5

Let's plug in our values into the formula.

$Break Even In Units = \dfrac{200}{10-5}$

$Break Even In Units = \dfrac{200}{5}$

$Break Even In Units = 40$

So the class needs to sell a total of 40 Tickets to break even.

Since we know that it takes 40 tickets to break even a $200 Fixed cost. To make a profit of $200, we simply multiply the number of tickets sold by 2.

Number of tickets for $200 profit = 40 x 2

Number of tickets for $200 profit = 80 Tickets.

So the class needs to sell 80 Tickets to make a $200 Profit.