Toby is arranging for a rock concert to be held in the students union. The use of the hall will be free but security costs of £100 will have to be met. The cost of the main band will be £2,500 and the supporting band will cost £150. Tickets will be priced at £11 each. If Toby sells 500 tickets as he anticipates, what profit will this event make?

Question

Quizplus · Accepted Answer

The total cost is £2,750 (£100 for security + £2,500 for the main band + £150 for the supporting band). Revenue from selling 500 tickets at £11 each is £5,500. The profit is £5,500 - £2,750 = £2,750.

Toby Is Arranging for a Rock Concert to Be Held