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

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)

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TaeKwonDoIsDead TaeKwonDoIsDead · Answer 2 · 2018-11-23T19:59:21+01:00

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 [tex]\frac{1000}{15} =66.67[/tex] 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 [tex]Profit = Income - Cost[/tex].

So, [tex]1000=Income-700\\Income=1000+700\\Income=1700[/tex]. So, to raise $1700, we need [tex]\frac{1700}{15} =133.33[/tex] 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.