Question

The seventh grade class is putting on a variety show to raise money. It cost $700 to rent the banquet hall that they are going to use. If they charge $15 for each ticket, how many tickets do they need to sell in order to raise at least $1000

Answer 1

just divide $1000 by $15, because $15 times something should equal around $1000.

we get 66.6 repeating, so we'll round it up to 67.

67 tickets at least. (67 × $15 = $1005)

Answer 2

Since the question is partial, i will assume 2 scenarios:

• They need to raise 1000 income
• They need to make 1000 as profit

If $1000 as income:

Each ticket costs $15, so
`(1000)/(15) =66.67` tickets would bring them $1000 income. Fractional ticket is not possible, so rounding gives us 67 tickets as the answer.

If $1000 as profit:

Their cost of renting is $700. We know that
`Profit = Income - Cost`.

So,
`1000=Income-700\\Income=1000+700\\Income=1700`. So, to raise $1700, we need
`(1700)/(15) =133.33` tickets. Fractional ticket is not possible, so rounding gives us 114 tickets as the answer.

ANSWER:

If need to raise atleast $1000 as income, they need to sell 67 tickets.

If need to raise atleast $1000 as profit, they need to sell 114 tickets.