A charity organization is having a fundraiser.

Question

The variable
\[P\] models the fundraiser's profit (in dollars) if
\[n\] tickets are sold. A negative profit means the expenses exceeded the income from tickets.
\[P=70n-1500\]
How much money does the charity raise by selling a single ticket?
\[\$\]

Answer 1

To find out how much money the charity raises by selling a single ticket, we can look at the equation for profit:

\[ P = 70n - 1500 \]

Here, \(n\) represents the number of tickets sold, and \(P\) is the profit. The term \(70n\) indicates the total income from selling \(n\) tickets, where each ticket is sold for \(70\) dollars.

Therefore, the amount of money the charity raises by selling a single ticket is:

\[ \text{$}70 \]

Thus, the charity raises \($70\) by selling a single ticket.