Problem
Justin and Sophie are planning a softball tournament where they expect a total of 240 players to attend. Each player will get a T-shirt costing $6.00 and a cap costing $4.00 that matches their team colour. It will also cost $520 to rent the four fields for the day and $800 for the four umpires required. How much must the charge (selling price) each player, if they want to also raise (make a profit of) $1,200 from the event for a local kid's charity.
1. What are the total variable costs?
2. What are the total fixed costs?
3. What selling Price must be charged to make a profit of $1.200?