Problem

A 5000 -seat theater has tickets for sale at $\$ 27$ and $\$ 40$. How many tickets should be sold at each price for a sellout performance to generate a total revenue of $\$ 150,600$ ?

Solution

Step 1 :Let's denote the number of $27 tickets as x and the number of $40 tickets as y.

Step 2 :We know that the total number of tickets is 5000, so we can write the equation as \(x + y = 5000\).

Step 3 :We also know that the total revenue is $150,600, so we can write another equation as \(27x + 40y = 150600\).

Step 4 :We can solve this system of equations to find the values of x and y.

Step 5 :The solution to the system of equations is x = 3800 and y = 1200.

Step 6 :This means that 3800 tickets should be sold at $27 and 1200 tickets should be sold at $40 to generate a total revenue of $150,600.

Step 7 :Final Answer: \(\boxed{3800 \text{ tickets at } \$27 \text{ and } 1200 \text{ tickets at } \$40}\).

From Solvely APP
Source: https://solvelyapp.com/problems/40295/

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