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Community Theater Owner A community theater currently sells 200 season tickets at $50 each.

In order to increase its season-ticket revenue, the theater surveys its season ticket holders to see if they would be willing to pay more.
The survey finds that for every $5 increase in the price of a season ticket, the theater would lose 10 season-ticket holders.
What action, if any, should the theater owner take to increase revenue?

Let n be the number of $5 price increases in the cost of a season ticket. Write an expression for the cost of a season ticket after n price increases and an expression for the number of season-ticket holders after n price increases.

1 Answer

6 votes

Answer:

200(50) is for the original revenue, and (200 - 10(50 + 5)) is if they increase it once.

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