A semiprofessional baseball team near your town plays two home games each month

Question

A semiprofessional baseball team near your town plays two home games each month at the local baseball park. The team splits the concessions 50/50 with the city but keeps all the revenue from ticket sales. The city charges the team $200 each month for the three-month season. The team pays the players and manager a total of $1500 each month. The team charges $10 for each ticket, and the average customer spends $6 at the concession stand. Attendance averages 50 people at each home game.

Part 1   (4 points)

Part 2   (1 point)

Explanation / Answer

Revenue = 10*50 = 500

Cost = 200+1500+3*50 = 1850

Profit = 500-1850 = -$1350

In order to break even. such that profit = 0.

10*x = 1700+3*x

7x = 1700

x = 1700/7 = 242.8

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