A garage band wants to hold a concert. The expected crowd is 2,900. The average expenditure on concessions is $30. Tickets sell for $25 each, and the band's profit is 75% of the ticket and concession sales minus a fixed cost of $17,00O. A spreadsheet has been developed to calculate the band's expected profit: 1 Expected Crowd 2 Average Concessions Expenditure 3 Fixed Cost 2,900 people $30 per personi $17,000 $25 per person 4 Ticket Price 5 Profit Percentage 6 Ticket Revenue 75% $72,500.00 $87,000.00 $102,625.00 7 Concession Revenue 8 Profit What formula is used in cell B8 to calculate the Profit? Start your formula with an "=" sign, just as you would if you were entering the formula in Excel. Do not use any spaces in your formula.
A garage band wants to hold a concert. The expected crowd is 2,900. The average expenditure on concessions is $30. Tickets sell for $25 each, and the band's profit is 75% of the ticket and concession sales minus a fixed cost of $17,00O. A spreadsheet has been developed to calculate the band's expected profit: 1 Expected Crowd 2 Average Concessions Expenditure 3 Fixed Cost 2,900 people $30 per personi $17,000 $25 per person 4 Ticket Price 5 Profit Percentage 6 Ticket Revenue 75% $72,500.00 $87,000.00 $102,625.00 7 Concession Revenue 8 Profit What formula is used in cell B8 to calculate the Profit? Start your formula with an "=" sign, just as you would if you were entering the formula in Excel. Do not use any spaces in your formula.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Transcribed Image Text:A garage band wants to hold a concert. The expected crowd is 2,900. The average
expenditure on concessions is $30. Tickets sell for $25 each, and the band's profit is
75% of the ticket and concession sales minus a fixed cost of $17,00O.
A spreadsheet has been developed to calculate the band's expected profit:
1 Expected Crowd
2 Average Concessions Expenditure
2,900 people
$30 per person
3 Fixed Cost
$17,000
$25 per person
4 Ticket Price
5 Profit Percentage
75%
6 Ticket Revenue
7 Concession Revenue
$72,500.00
$87,000.00
$102,625.00
8 Profit
What formula is used in cell B8 to calculate the Profit?
Start your formula with an "=" sign, just as you would if you were entering the
formula in Excel. Do not use any spaces in your formula.
11.
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