You are the chairman of a football club and have to set a budget for your fitst team coach and chief execttive to build a squad for the coming season. Projected season ticket sales, sponsorship, advertising, tv and radio revenue, sales of beer and pies, shirts etc gives a turnover of £1million. You are allowed to spend 65% of turnover on player's salaries. Now answer the following:
a) How much money can you spend on player's wages
b) If you release 7 players who cost 33% of your budget how much money will you have
c) Alternatively you let the players go on holiday and you'll knock something together when they get back?