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Sport Manager

Real-Life Activities

Real-Life Math -- Solution

Income = (70 members x $35) + (10 student members x $15) + (10 corporate members x $50)
Income = $2,450 + $150 + $500
Income = $3,100

You will get $3,100 from membership fees.

$3,100 - $2,500 for administration and program costs = $600

You will have $600 left over. But remember: you get 15 percent of the program costs back as fees.

Fee = $2,500 / 2 x 0.15
Fee = $1,250 x 0.15
Fee = $187.50

Total = $600 + $187.50
Total = $787.50

You will show a profit of $787.50.