Solution:
Given that the point P lies 1/3 along the segment RS as shown below:
To find the y coordinate of the point P, since the point P lies on 1/3 along the segment RS, we have
Using the section formula expressed as
In this case,
where
Thus, by substitution, we have
Hence, the y-coordinate of the point P is
Answer:
The venue has to host 47 events throughout the year
Step-by-step explanation:
Profit:
Profit is revenue subtracted by costs.
Per event:
$100,000 revenue
$50,000 costs
$100,000 - $50,000 = $50,000 profit.
If the venue wants to make a total profit margin of $2,350,000, how many events does the venue have to host throughout the year?
1 event - $50,000 profit.
x events - $2,350,000 profit.
The venue has to host 47 events throughout the year