Question

A charity organization had to sell a few tickets to their fundraiser just to cover necessary production costs. After

Answer 1

Answer:

70x-1500

Step-by-step explanation:

I got it from Khan Academy

Answer 2

Answer:

The equation for the relationship between the net profit and number of tickets sold is y=  70(n) - 1500

Step-by-step explanation:

Given:

Cost of each ticket =$70

Number of tickets sold = 10

Loss after selling 10 tickets =$800

Solution:

Let  n be the number of tickets sold.

Now, after selling  10 tickets  cost is,

70 x 10 = 700

After selling 10 tickets, there is a net loss of $800.

So, Total product cost would be

=>$700 + $ 800

=> $1500

Now the function y can be represented as

y = Revenue - cost

y=  70(n) - 1500