# nguyen

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Category: Education

## Presentation Description

Algebra project - produce a rock concert

## Presentation Transcript

BME(Pain) Olympian’s Task Samuel You Justin Nguyen

Task 1 The objective to task 1 is to compare revenue to tickets sold. Our variables are “R” (Revenue at the cotton bowl) and “n” (number of tickets sold). We assumed that ticket prices are \$20 and we figured that revenue equals prices times number of tickets sold. (R=20n)

Revenue Model

### Revenue Graph:

Revenue Graph You can see that the Revenue varies directly from the number of tickets sold

Task 2 The objective for task 2 is to figure out the costs for the concert. (F) Total Costs (C) C= V + F C= mn + F V (variable costs), F (fixed costs) Unit Cost- cost per attendent (m)

### Fixed costs(F):

Fixed costs(F) Ms. Teak at Cotton Bowl Dixie Chickens Cotton Bowl Ms.Teak \$75,000 Dixie Chikens \$88,000 Cotton Bowl \$75,000 Cotton Bowl \$75,000 Other +\$55,000 Other +\$55,000 Total \$205,000 Total \$218,000 Dixie Chickens at Starplex Dixie Chickens \$88,000 Starplex \$60,000 Other +\$55,000 Total \$203,000

### Variable Cost (V):

Variable Cost (V)

### Variable Cost Models:

Variable Cost Models Assume 15,000 attend

### Variable cost models continued:

Variable cost models continued Assumption that 13,000 attend

### Cost Models:

Cost Models Ms. Teak at Cotton Bowl

### Dixie Chickens at Starplex:

Dixie Chickens at Starplex

### Dixie Chickens at Cotton Bowl:

Dixie Chickens at Cotton Bowl

### Ms. Teak at Cotton Bowl :

Ms. Teak at Cotton Bowl .

### Dixie Chickens at Starplex:

Dixie Chickens at Starplex .

### Dixie Chickens at Cotton Bowl:

Dixie Chickens at Cotton Bowl .

Task 3 The objective to task 3 is to find out the profits we can make from the concerts. Profit=Revenue – Cost. m=unit rate. n= number of tickets sold. V=mn Break even point- the point where profit is neither greater of less than zero

Profit model

### Costs:

Costs Fixed Costs Revenue(r)=20n Cotton Bowl \$75,000 Who’s that \$48,000 +Other \$55,000 Total \$178,000 Breakeven (profit= 0+ R=C or 20n or 4.5n+ 178,000 Variable Cost 4.5n + 178,000= 20n \$4.50 per ticket 178,000 = 15.5n Total Costs C = 4.5n + 178,000

### Profit & Break Even Model:

Profit &amp; Break Even Model .

### Profit Model:

Profit Model . As Tickets sales increase the profit made increases

Task 4 The objective of task 4 is to find the sales demand between tickets sales and ticket prices. n (number of tickets sold), p (price of tickets), and n=-250p + 27,740.

### Sales Demand Model:

Sales Demand Model n= -250p + 27,740

### Dixie Chickens at Starplex:

Dixie Chickens at Starplex Sales demand information: \$20 ticket prices= 20,111 tickets sold \$70 ticket prices= 12,800 tickets sold Slope= 20111-12800 = - 146.22 20-70 y- 12800= -146.22(x-70) Y= -146.22x+ 23035.4 n= -146.22p+23035.4

### Sales Demand model:

Sales Demand model (n=-146.22p + 23,035.4)

### Sales Demand graph:

Sales Demand graph .

### Revenue Graph:

Revenue Graph .

Task 5 The objective task 5 to sum everything up for Sam, ticket prices, ticket sales, revenues generated, total costs, and profit. We’re suppose to assume that Dixie Chickens are at Starplex.

### Who’s that? at Starplex:

Who’s that? at Starplex Most Profit

### Who’s that? at Starplex:

Who’s that? at Starplex Highest Profit is \$558,500 with 13,000 tickets sold

### Who’s that? at Cotton Bowl:

Who’s that? at Cotton Bowl Most Profit

### Who’s that? at the Cotton Bowl:

Who’s that? at the Cotton Bowl Highest profit made is \$599,000 with 14,000 tickets sold

### Ms. Teak at Starplex:

Ms. Teak at Starplex Most Profit

### Ms. Teak at Starplex:

Ms. Teak at Starplex Highest Profit made is \$543,407 with 9,714 tickets sold

### Ms. Teak at Cotton Bowl:

Ms. Teak at Cotton Bowl Most Profit

### Ms. Teak at Cotton Bowl:

Ms. Teak at Cotton Bowl Highest profit is \$572,000 with 14,000 tickets sold

### Dixie Chickens at Starplex:

Dixie Chickens at Starplex Most Profit

### Dixie Chickens at Starplex:

Dixie Chickens at Starplex Highest profit is \$535,437 when 9,714 tickets are sold

### Dixie Chickens at Cotton Bowl:

Dixie Chickens at Cotton Bowl Most Profit

### Dixie Chickens at Cotton Bowl:

Dixie Chickens at Cotton Bowl Highest Profit is \$599,000 with 14,000 tickets sold

### Scatter Plot for Starplex:

Scatter Plot for Starplex

### Suggestion for Sam:

Suggestion for Sam Our suggestion for Sam: Band: Who’s That Location: Cotton Bowl Price of ticket: \$60 Profit to be made:\$599,000