SOLUTION: A charity organization had a fundraiser where they sold each ticket for a fixed price. After selling 200 tickets, they had a net profit of $12,000. They had to sell a few tickets j
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Question 1144205: A charity organization had a fundraiser where they sold each ticket for a fixed price. After selling 200 tickets, they had a net profit of $12,000. They had to sell a few tickets just to cover necessary production costs of $1200.
Let y represent the net profit (in dollars) when they have sold c tickets. Complete the equation for the relationship between the net profit and the number of tickets sold.
Y =
Answer by greenestamps(13200) (Show Source): You can put this solution on YOUR website!
If c is the revenue from selling each ticket, then the revenue from selling 200 tickets is 200c.
The cost of producing the tickets is $1200.
profit = revenue (from selling tickets) minus cost (of production)
Write the equation showing that the profit after selling 200 tickets was $12,000.
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