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Real-Life Math

The agent of a band approaches you with an offer. You can book the band for a fee of $10,000.

You know that production costs will come to $3,000. Then you have to spend another $1,000 on the hall rental, $250 on insurance and $1,000 on security. Accommodation and meals for the band will cost $1,000. You also have other miscellaneous costs that come to $300.

Each ticket costs $20. How many tickets will you need to sell to turn a 10 percent profit?

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OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.