Tom decided to join Platinum Gym because of its new equipment. At the grand opening, the manager announced that 124 people had signed up for gym membership. As part of the grand opening event, the manager waived the registration fee for 50 random people.
(a) Write an expression to represent how much money Platinum Gym will make from the grand opening memberships. Simplify the expression and label any variables.
Let F= registration fee
People who paid the fee = (124-50) = 74
74F = total fees collected