Problema Solution
A 5000 seat theater has tickets for sale at $26 and $40. How many tickets should be sold at each price for a sell out performance to generated a total revenue of $155,200?
Answer provided by our tutors
A 5000 seat theater has tickets for sale at $26 and $40. How many tickets should be sold at each price for a sell out performance to generated a total revenue of $155,200?
let x - number of $26 tickets
y- number of $40 tickets
x + y = 5000
x = 5000 - y
26x + 40y = 155,200
26(5000 - y) + 40y = 155200
130,000 - 26y + 40y = 155200
14y = 25,200
y = 1800
x = 5000 - 1800 = 3200