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Circus Performer

Real-Life Activities

Real-Life Math -- Solution

Your first step is to calculate your total costs.

Costs = $500 airfare + $50 local transport + $200 hotel + $250 food + $100 other expenses

Costs = $1,100

So you need to charge at least $1,100 to break even.

The next step is to calculate your profit, which is 30 percent of $1,100.

$1,100 x 0.30 = $330

The final step is to add up expected profit and expected expenses.

$1,100 + $330 = $1,430

So you need to charge at least $1,430.


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