s, of an item is s = c + mc, where c is the cost of the item and m is the percent markup based on cost. What is the formula solv
1 answer:
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Let 
the price of a ticket
Let
the cost to put on the show
Formula:
(profit) = (ticket price) * (number of people) - (cost to put on show)
We have two equations here:
Solve:
⇒
⇒
⇒
⇒
So the price of a ticket is $5, and the cost to put on the show is $100.
Let
Formula:
(profit) = (ticket price) * (number of people) - (cost to put on show)
We have two equations here:
Solve:
⇒
⇒
⇒
⇒
So the price of a ticket is $5, and the cost to put on the show is $100.