SOLUTION: Could you help me with this problem? Typical business watch patterns of change in their costs, income, and profit from operations. For example, the Palace Theater shows only secon

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Question 26727: Could you help me with this problem?
Typical business watch patterns of change in their costs, income, and profit from operations. For example, the Palace Theater shows only second- run movies and charges a single low price of $2.50. The operating expenses for the Palace Theater are about $450 per day. If there are no other expenses or other sources of income, how could you determine the theater's daily profit?
I understand it mostly but don't really know how to solve for profit... if you could just email me the equation that would be most helpful.
Thanks,
Valerie
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
Let n = number of people that buy tickets in a day
($2.50)(n) / day = income in a day
$450 / day = expenses per day
Profit/day = [($2.50)(n) - $450] /day