SOLUTION: the cost of holding a concert is the sum of the fixed cost, which is the same no matter how many people attend, and the variable cost, which depends on the number of people attendi
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-> SOLUTION: the cost of holding a concert is the sum of the fixed cost, which is the same no matter how many people attend, and the variable cost, which depends on the number of people attendi
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Question 47137: the cost of holding a concert is the sum of the fixed cost, which is the same no matter how many people attend, and the variable cost, which depends on the number of people attending. If the total cost for a concert attended by 1000 people is $75000, and the total cost of a concert attended by 1200 people is $85000, what is the number of dollars in the fixed cost when holding a concert? Answer by checkley71(8403) (Show Source):
You can put this solution on YOUR website! 1000X+Y=75000
1200X+Y=85000 SUBTRACT
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-200X=-10000 OR 200X=10000 OR X=10000/200 OR X=50 THEN 1000*50+Y=75000 OR
50000+Y=75000 OR Y=$ 25000 IS THE FIXED COST FOR THE CONCERT
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