Math
posted by Savannah .
1)The breakeven 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=((400025X)x)7500
I=((400025x)x)
S=400025x
S=ticket price
x=tickets sold
a. Write and solve an equation that can be used to find the breakeven 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?
Respond to this Question
Similar Questions

Accounting: Break even point
How much profit increase for every unity sold over the breakeven point Breakeven point: This is the point in the annual output where the number of units sold, or number of services provided, produces enough gross profit to cover … 
Math
The revenue function for a production by a theater group is R(t)= 50t^2+300t, where t is the ticket price in dollars. The cost function for the production is C(t)= 60050t. Determine the ticket price that will allow the production … 
MSU
Shirts Unlimited operates a chain of shirt stores that carry many styles of shirts that are all sold at the same price. To encourage sales personnel to be aggressive in their sales efforts, the company pays a substantial sales commission … 
accounting
using the breakeven equations to solve for price and variable cost per unit andromeda company's breakeven point is 2,400 units. variable cost per unit is $42; total costs are 67,200 per year. what price does andromeda charge? 
Math/Business
Based on this problem: "Wayne owns a shaved ice stand. He sells 700 shaved ice cups per month at $1.50 each, making the total revenue $1,050. Each shaved ice costs Wayne $0.50 and he has fixed costs of $750, making his total costs … 
Math
The planning committee for the upcoming school play “Missterious” at LMSA asked the mathematics classes to give them some estimates about income that could be expected at different ticket price levels. The class did some market … 
math Please help/explain
A division of a corporation manufactures bicycle pumps. Each pump sells for $9, and the variable cost of producing each unit is 40% of the selling price. The monthly fixed costs incurred by the division are $50,000. What is the breakeven … 
Math Please help
A division of a corporation manufactures bicycle pumps. Each pump sells for $9, and the variable cost of producing each unit is 40% of the selling price. The monthly fixed costs incurred by the division are $50,000. What is the breakeven … 
Help Math
A division of a corporation manufactures bicycle pumps. Each pump sells for $9, and the variable cost of producing each unit is 40% of the selling price. The monthly fixed costs incurred by the division are $50,000. What is the breakeven … 
math
s= 1800140X where the x is the ticket price. expenses are $750. Write an equation for the income as a function of ticket price same numbers what would the profit be?