Question

A charity organization is having a fundraiser. the variable ppp models the fundraiser's profit (in dollars) if nnn tickets are sold. a negative profit means the expenses exceeded the income from tickets. p=70n-1500p=70n−1500p, equals, 70, n, minus, 1500 how much money does the charity raise by selling a single ticket? \$

Answer 1

A charity organization is having a fundraiser. the variable p models the fundraiser's profit,

The price of single ticket is $70.

The charity raise by selling a single ticket is $70.

Consider the provided equation.

p(n) = 70n - 1500

As we know that: Profit = Income – Cost

A profit is an amount of money that you gain when you are paid more for something than it cost you to make, get, or do it.

Here, P(n) represents the fundraiser's profit (in dollars) and n represents the number of tickets sold and cost is 1500.

Since, n is multiplied by 70 that represents the price of per ticket is $70.

Hence, the price of single ticket is $70.

The charity raise by selling a single ticket is $70.

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