a charity organization is having a fundraiser. p represents the fundraisers profit (in dollars) if n tickets…

a charity organization is having a fundraiser. p represents the fundraisers profit (in dollars) if n tickets are sold. a negative profit means the expenses exceeded the income from tickets. p = 70n - 1500 what are the expenses of the fundraiser? $

a charity organization is having a fundraiser. p represents the fundraisers profit (in dollars) if n tickets are sold. a negative profit means the expenses exceeded the income from tickets. p = 70n - 1500 what are the expenses of the fundraiser? $

Answer

Answer:

1500

Explanation:

Step1: Recall profit - expense formula

Profit $P =$ Income - Expenses. Given $P = 70n-1500$, where income from selling $n$ tickets is $70n$.

Step2: Identify expenses

In the profit - formula $P =$ Income - Expenses, when we compare $P = 70n-1500$ with the general form, the fixed - cost (expenses) is 1500. This is because when $n = 0$ (no tickets are sold), $P=- 1500$, which means expenses are 1500 as there is no income and the profit is negative, representing the amount of expenses.