Question

Whitewater Wine Foundation expects 125,000 attendees at their May festival. Wine-tasters pay a $10 entrance fee which includes a tasting glass and wine-tasting wristband. Designated drivers pay a $5 entrance fee and receive a ticket for one non-alcoholic drink. Of the attendees, 10% are expected to be designated drivers. Costs to the festival are $.25 for wristbands, $.90 for tasting glasses and $.15 for non-alcoholic drinks. All drink tickets are expected to be used. What is the total purchases budget for the May festival

Answer 1

Answer:

Total purchase budget= $134,375

Explanation:

First, we need to calculate the number of wristbands, tasting glasses, and non-alcoholic drinks glasses.

Wristbands= one per attendant= 125,000

Tasting glasses= 125,000*0.90= 112,500

Non-alcoholic drinks glasses= 125,000*0.10= 12,500

Now, the total purchase budget:

Purchases:

Wristbands= 125,000*0.25= 31,250

Tasting glasses= 112,500*0.9= 101,250

Non-alcoholic drinks glasses= 12,500*0.15= 1,875

Total purchase budget= $134,375