What is the profit of 30 flight excursions if the set up fee is $40.00 per person, $800.00 rental fee for the hanger? I need this answer and I need it in a algebra equation, to show the work.
y=40x+800
x=30
To calculate the profit of 30 flight excursions, we first need to determine the total expenses and then subtract them from the total revenue.
The total setup fee can be calculated by multiplying the setup fee per person ($40.00) by the total number of people participating in the flight excursions. Since the number of participants was not provided, we'll assume it is a constant value. Therefore, the setup fee would be given by:
Setup Fee = $40.00 * Number of Participants
Next, we need to determine the rental fee for the hangar, which is a fixed cost of $800.00.
The total expenses can be obtained by adding the setup fee and the rental fee:
Total Expenses = Setup Fee + Rental Fee
Finally, we need to subtract the total expenses from the total revenue to calculate the profit:
Profit = Total Revenue - Total Expenses
Given that we don't know the total revenue or the number of participants, we cannot calculate the profit without further information. However, with the provided formulas and the specific values for the setup fee per person and rental fee, you can substitute the appropriate values into the equations to find the precise profit value.