A school spent $150 on advertising for a breakfast fundraiser. Each plate of food was sold for $8.00

Discussion in 'Calculator Requests' started by math_celebrity, Mar 27, 2022.

  1. math_celebrity

    math_celebrity Administrator Staff Member

    A school spent $150 on advertising for a breakfast fundraiser. Each plate of food was sold for $8.00 but cost the school $2.00 to prepare. After all expenses were paid, the school raised $2,400 at the fundraiser. Which equation can be used to find x, the number of plates that were sold?

    Set up the cost equation C(x) where x is the number of plates sold:
    C(x) = Cost per plate * x plates
    C(x) = 2x

    Set up the revenue equation R(x) where x is the number of plates sold:
    R(x) = Sales price per plate * x plates
    C(x) = 8x

    Set up the profit equation P(x) where x is the number of plates sold:
    P(x) = R(x) - C(x)
    P(x) = 8x - 2x
    P(x) = 6x

    We're told the profits P(x) for the fundraiser were $2,400, so we set 6x equal to 2400 and solve for x:
    6x = 2400

    To solve this equation for x, we type it in our math engine and we get:
    x =400 plates
     

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