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Ticket Broker

Real-Life Activities

Real-Life Math

Pigs in a Blanket, the hottest rock group ever, is coming to your town. Bad news is, the concert is already sold out. No problem -- you'll find someone with tickets to buy and you'll resell them with a small convenience charge.

The face value of each ticket is $75. Since it's such a hot concert, you pay a premium for each ticket, which drives the price up to $90. You also have to net a 15 percent convenience charge when you resell -- after all, your efforts need to be recognized.

"Your tickets have to cover your expenses. You have to keep an eye on tickets and pricing," explains ticket broker Cindy Aquaro. If you purchase 20 tickets and net 15 percent (your income after expenses), how much profit will you make?