Final answer:
By setting up a system of equations and using elimination, we find that there were 124 premium seats and 376 standard seats sold. The total number of seats is 500, and the revenue from the concert was $11,616.
Step-by-step explanation:
To determine how many premium and standard seats were sold, we can set up a system of equations based on the information provided. Let's denote the number of premium seats as P and the number of standard seats as S. We are given that the total seats in the venue is 500 and that the total revenue from selling all the seats is $11,616, with premium seats costing $30 each and standard seats costing $21 each.
The system of equations based on the given information is:
- P + S = 500 (total number of seats)
- 30P + 21S = 11616 (total revenue from seats)
To solve for P and S, we can use either substitution or elimination. If we use elimination, we could multiply the first equation by -21 to set up for elimination of variable S:
- -21P - 21S = -10500
- 30P + 21S = 11616
Adding the two equations gives us 9P = 1116, which leads to P = 124. Substituting P = 124 into the first equation (P + S = 500) gives S = 500 - 124 = 376. Therefore, there were 124 premium seats and 376 standard seats sold.