
Andrew M. answered 03/09/18
Tutor
New to Wyzant
Mathematics - Algebra a Specialty / F.I.T. Grad - B.S. w/Honors
P = 5T - 1000
Profit is revenue minus cost which equates to $5 times
the number of ticlets sold minus the fixed cost of $1000.
b). P(450) = 5(450)-1000 = 2250-1000 = $1250
c). 5T - 1000 = 500
5T = 1500
T = 1500/5
T = 300 tickets sold to profit $500