Revenue: R=$55,000
R=pq
Price: p
Quantity: q
when p=$25→q=1,700
With every one-dollar decrease in the cost of each ticket, the number of tickets sold increase by 200 tickets:
p=$25-$1(1)→q=1,700+200(1)
p=$25-$1(2)→q=1,700+200(2)
p=$25-$1(3)→q=1,700+200(3)
Number of one-dollar decreases: x
p=$25-$1(x)→p=25-1x
q=1,700+200(x)→q=1,700+200x
R=pq→( 25 - 1 x )( 1,700 + 200 x ) = 55,000
Answer: ( 25 - 1 x )( 1,700 + 200 x ) = 55,000