Posted by **Savannah** on Wednesday, September 5, 2012 at 6:52pm.

1)The break-even point is the ticket price for which the event's income will equal expenses. Another way to think of the break even point is the ticket price when profit is $0. The equations given in an earlier problem were: P=((4000-25X)x)-7500

I=((4000-25x)x)

S=4000-25x

S=ticket price

x=tickets sold

a. Write and solve an equation that can be used to find the break-even ticket price for this particular planned concert.

b. Write and solve an inequality that can be used to find ticket prices for which the planned concert will make a positive profit.

c. Write and solve an inequality that can be used to find ticket prices for which the planned concert will lose money.

2)What similarities and differences do you see in tables, graphs, and rules of the function relating number of tickets sold, income, and profit to proposed ticket prices?

## Answer This Question

## Related Questions

- Math - The revenue function for a production by a theater group is R(t)= -50t^2+...
- Accounting: Break even point - How much profit increase for every unity sold ...
- math - Joe decides to take his six year old son to the planetarium. The price ...
- MSU - Shirts Unlimited operates a chain of shirt stores that carry many styles ...
- accounting - using the break-even equations to solve for price and variable cost...
- marketing - 1.A store has fixed costs of 80,000 and an avarage gross margin of ...
- Accounting - Shirts Unlimited operates a chain of shirt stores that carry many ...
- Accounting 220 - Linda Fearn asks your help in constructing a Cost-Volume-Profit...
- accounting - Mia Enterprises sells a product for $90 per unit. The variable cost...
- Math-please help - One concert ticket is $5 and the other is $9. There are 500 ...

More Related Questions