Question

Betsy's high school is putting on a production of a play as a fundraiser for the school's music programs. A local bank has agreed to allow the school to use a line of credit from which they can withdraw money to pay for the play. Then, any deposits they make at the bank will be applied to the negative balance of the credit account. The play cost $3,200.00 to produce, and they intend to sell tickets for $10 each. After the play, Betsy will take the ticket proceeds and deposit them with the bank. If 1,007 people attend the play's opening night, what will the balance of the bank account be?

Answer 1

Answer:

Hey there!

If 1007 people attend, they will make a profit of 10070 dollars.

The play costed 3200 dollars to produce, so we have -3200+10070=7500 dollars as the final balance of the bank account.

Let me know if this helps :)