SOLUTION: What to do:
Make a proposed plan for the fund raising activity showing the relationship of the related variables and the predicted income, price, maximum profit, maximum participa
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> SOLUTION: What to do:
Make a proposed plan for the fund raising activity showing the relationship of the related variables and the predicted income, price, maximum profit, maximum participa
Log On
Question 1169346: What to do:
Make a proposed plan for the fund raising activity showing the relationship of the related variables and the predicted income, price, maximum profit, maximum participation, and also the break-even point
Scenario #1
The mathematics club plan to sponsor a filming viewing during foundation week. The primary goal for this film viewing is to raise funds for their math park project and of course to enhance the interest of the students in mathematics. To ensure that the film viewing activity will not lose money, careful planning Is needed to guarantee a profit for the project. As officers of the club, your group is tasked to make a plan for the event.
Mrs. Sappayani, the mathematics coordinator advised you to consider the following variables in making the plan.
1. Factors affecting the number of tickets sold
2. Expenses that will reduce profit from ticket sales such as; a) Promoting expenses, b) Operating expenses
3. How will the expenses depend on the number of people who will buy tickets and attend?
4. Predicted income and ticket price
5. Maximum income and ticket price
6. Maximum participation regardless of the profit
7. What is the ticket price for which the in com is equal to the expenses? Answer by The Troll Kid(22) (Show Source):
(