Question

The club with an occupancy of 100 will sell out at $25 per ticket. If the owner decides to increase the price by $5, then 2 less tickets will be sold. Determine the revenue function if x is the number of $5 increases.

Answer 1

100 + (5X) = -2X

Explanation:

Since the club with an occupancy of 100 will sell out at $ 25 per ticket, and if the owner decides to increase the price by $ 5, then 2 less tickets will be sold, to determine the revenue function if X is the number of $ 5 increases the following calculation must be performed:

100 + (5X) = -2X

So, for example, if the price were increased by $ 15, the equation would apply as follows:

15/5 = 3

100 + (5x3) = -2 x 3

100 + 15 = -6

115 = -6