Okay, to start, the cost of the project. Let p be the number of pupils.
Total cost = 1 700 + 7p + 5p = 1 700 + 12p
Total revenue = 75p
A) If they break even, then
Total cost = Total revenue.
Solve for p
B) If they make 5 000 profit, then, there should be more revenue, meaning:
Total cost + Profit = Total revenue
Solve for p again.
C) Now, you know the number of pupils, which is 60, but the fee for each pupil is to be determined. Let the fee be denoted by f.
Total revenue = 60f
Total cost = 1 700 + 12(60)
The equation is still the same, apart some minor changes:
Total cost + Profit = Total revenue
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