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The student council at Spend too much High School is planning a school dance. The table below shows the budget for the dance.
School dance budget
Item Funds raised Expenses
Dance tickets $300
DJ Denny $-250
Decorations $-100
What is the student council's expected profit?

Respuesta :

$300 income
$250 + $100 = $350 expenses

$300 - $350 = a loss of $50

Answer: Their expected loss is $50.

Step-by-step explanation:

Since we have given that

Amount the student council can receive by dance tickets = $300

Amount they spent on DJ Denny = $250

Amount they spent on Decoration = $100

Total amount they spent on both is given by

[tex]\$250+\$100\\\\=\$350[/tex]

Expected loss is given by Revenue-Expenses

[tex]\$300-\$350\\\\=-\$50[/tex]

Hence, their expected loss is $50.

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