Here the formula given
[tex] b = (t)(p) - \frac{(s+2000)}{3} [/tex]
Where b = band payment , t = ticket sales, p = ticket price, s = security cost.
Here given number of tickets sold = 8000. So here t = 8000.
Price per ticket = $12. So p = $12.
Security cost is $4000. So s = $4000.
By plugging in the values in the formula we will get,
[tex] b = (8000)(12) - \frac{(4000+2000)}{3} [/tex]
[tex] b = (8000)(12) - \frac{6000}{3} [/tex]
[tex] b = 96000 - \frac{6000}{3} [/tex]
[tex] b = 96000 - 2000 [/tex]
[tex] b = 94000 [/tex]
So the required band payment is $94000.
