Problema Solution
The Alan Company bought 80 tickets for a jazz concert. After giving away 20 tickets to customers, the company sold the rest to employees at half of the purchase price. If the company absorbed a $1000 loss on all the tickets, how much did an employee pay for a ticket?
Answer provided by our tutors
Given:
N = number of tickets = 80
E = 60 ticket for the employee
Loss = $ 1,000
P = price of the ticket
E = purchase price for the employee
Price Employee ticket + Price customer ticket = loss
(80 - 20)P/2 + 20P = 1000
30P + 20P = 1000
50P = 1000
P = $ 20 per ticket
E = P/2
E = $ 20/2
E = $ 10 ← employee paid the ticket