A band that will be the opening act for a concert charges a $500. 00 flat fee as well as 10% of all profits from ticket sales. I

Question

3 years ago

9

f the band earns $1,200, how much was made in total ticket sales for the show?.

1 answer:

Olegator [25] · Answer 1 · 2023-01-05T04:11:44+03:00

Using the profit concept to find the ticket sale, then the money made in ticket sales for the show is $7000.

<h3>What is profit?</h3>

The money that you gain by selling something.

Given

A band that will be the opening act for a concert charges a $500 flat fee as well as 10% of all profits from ticket sales.

They earned the profit will be

1200 - 500 = 700

They earned a profit is $700.

$700 is 10% of ticket sales. Then the money made in total ticket sales for the show will be

$\rm Ticket\ Sale = \dfrac{700}{0.1}\\\\Ticket\ Sale = 7000$

The money made in total ticket sales for the show is $7000.

More about the profit link is given below.