Question

4. Starting a Rock and Roll band required an investment of $10,000 in guitars, amplifiers and PA system. Each live session paid $1000 to this startup band and each time they drove to the venue, there were $200 in gas, meals, and lodging expenses. After how many live sessions will they start to make a profit?

Answer 1

1000 in earnings minus 200 in expenses is equal to 800 dollars you get to keep per show. 10000/800=25/2. On the thirteenth show they would start to earn profits