Final answer:
To generate a total revenue of $187500 for a sellout performance in a theater with 6000 seats, 3500 tickets should be sold at $25 and 2500 tickets should be sold at $40.
Step-by-step explanation:
To find out how many tickets should be sold at each price for a sellout performance to generate a total revenue of $187500, we need to set up a system of equations.
Let x be the number of tickets sold at $25 and y be the number of tickets sold at $40.
Based on the given information, we can set up the following equations:
- x + y = 6000 (equation 1)
- 25x + 40y = 187500 (equation 2)
We can solve this system of equations using the substitution method or the elimination method.
Using the substitution method, we can solve equation 1 for x and substitute it into equation 2:
- x = 6000 - y
- 25(6000 - y) + 40y = 187500
- 150000 - 25y + 40y = 187500
- 15y = 37500
- y = 2500
Substituting this value of y into equation 1, we can find the value of x:
- x + 2500 = 6000
- x = 3500
Therefore, 3500 tickets should be sold at $25 and 2500 tickets should be sold at $40.
Complete question:
a theater with 6000 seats has tickets for sale $25 and $40. How many tickets should be sold at each price for a sellout performance to generate a total revenue of $187500?