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    Deficit Elimination

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    Dunston Military Academy has an annual deficit of $250,000. Its 1,000 students pay a tuition of $10,000 each per year. The economics faculty has recommended solving the problem by recruiting additional athletes with $5,000 scholarships. Each additional athlete will cost the school $2,500 (equipment, etc.). Assuming the academy agrees, how many athletes are needed to eliminate the deficit?

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    The deficit is $250000. Each student pays $10000 in tuition. If the school recruits additional athletes they will also pay ...

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    Deficit Elimination is clarified in this solution.