Real-Life Math
Apart from performing on stage, there is a lot of behind-the-scenes
work you are required to do as a singer. When you are not out doing the fun
stuff such as rehearsing, setting up for events, or doing a recording session,
you must be in the office taking care of your business.
"There are
a lot of fun, different and exciting aspects to it [being a singer] but there's
also all the mundane things that go with any job, like bookkeeping, accounting,
filing, contracting," says Sarah Morrison.
Morrison is a singer who
with about 20 years of professional experience. Today, you will be out running
a lot of errands in order to prepare for a show at a local lounge tonight.
You
need to keep accurate accounts of the money that is spent and received. At
the end of the day, this is what you have tracked:
- Amp repair: $66.40
- Dry cleaning of your performance outfit: $75
- Transportation: $30
- Mike (set-up staff): $60
- Alex (guitar player): $400
- Jasmine (keyboard player): $400
- Profits: Gig at the Music Note Lounge: $2,000
Using the above information, answer the following:
- How much money did you spend today?
- What was today's profit?