A charity organization had a fundraiser where each ticket was sold for a fixed price. After selling 200 tickets, they had a net profit of $12,000.
They had to sell a few tickets just to cover necessary production costs of $1,200.
Let y represent the net profit (in dollars) when they have sold x tickets.
Which of the following could be the graph of the relationship?

A charity organization had a fundraiser where each ticket was sold for a fixed price After selling 200 tickets they had a net profit of 12000 They had to sell a class=
A charity organization had a fundraiser where each ticket was sold for a fixed price After selling 200 tickets they had a net profit of 12000 They had to sell a class=

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Answer:

Step-by-step explanation:

y = 66x - 1200

The charity organisation has to sell a number of tickets to cover their production costs of $1,200. It is given that after selling 200 tickets they retain a net profit of $12,000. Net profit is deduced as: Total sales - total costs. Sales is calculated as total tickets x selling price per ticket.

If we let b represent the sales earned from selling tickets, then:

Net profit = total sales - total costs

12,000 = 200b - 1,200

We can then solve for b by taking the 1200 to the other side of the equal sign. When we do that the sign of that number changes. This is also the same as adding 1200 to both sides of the equal sign:

∴12000 + 1200 = 200b

13200 = 200b

To get the price of one single ticket, b, we need to divide both sides by 200.

∴ b = 66

This means that each ticket's selling price is $66.

So when when we take it back to the calculation of net profit then it becomes:

Net profit = total sales - total costs

y = 66x - 1200

To test:

y = 66x - 1200

= 66 (200 tickets) - 1200

= $12,000