SOLUTION: You want to hire a live band for a school dance. You have $175 in your budget. The live band charges $75 per hour and each student pays $2 admission. If the band is to play for 3 h

Question 1058084: You want to hire a live band for a school dance. You have $175 in your budget. The live band charges $75 per hour and each student pays $2 admission. If the band is to play for 3 hours, how much extra money do you need to raise?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
You want to hire a live band for a school dance. You have $175 in your budget. The live band charges $75 per hour and each student pays $2 admission. If the band is to play for 3 hours, how much extra money do you need to raise?
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Cost = 3*75 = $225
Revenue = 175 + 2x, where x is the numbers of tickets sold for $2.
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Profit = R - C
175+2x - 225 = 0
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2x = 225-175
2x = 50
x = 25
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Ans:: Money needed to break even:: 2*25 = $50.00
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Cheers,
Stan H.
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