Question

A miniature golf course owner has a location near LBCC. On a weekday during the school year, she observes that 100 players show up at a price of $15 each. On weekends, the demand increases by 50. During school break, only sell 50 show up. The owner tries Travelzoo coupons to boost sales. If she gives a 25% off coupon, sales increase by 25%. If she gives a 50% off coupon, she can boost sales by 50% over the base price. Copy the following chart to your workbook and fill in the numbers:

Quantity sold Selling price
School Year Weekday
25% off coupon
50% off coupon
School Year Weekends
25% off coupon
50% off coupon
School Breaks
25% off coupon
50% off coupon

Answer 1

Miniature Golf Course

Filling in the Numbers in the Chart:

Quantity Selling

sold price

School Year Weekday 100 $15

25% off coupon 125 $11.25

50% off coupon 150 $7.5

School Year Weekends 150 $15

25% off coupon 188 $11.25

50% off coupon 225 $7.5

School Breaks 50 $15

25% off coupon 63 $11.25

50% off coupon 75 $7.5

Step-by-step explanation:

a) Data and Calculations:

Sales during weekday during the school year = 100

Quantity Selling

sold price

School Year Weekday 100 $15

25% off coupon 125 $11.25 ($15 * 1 - 0.25)

50% off coupon 150 $7.5 ($15 * 1- 0.5)

School Year Weekends 150 $15

25% off coupon 188 $11.25 ($15 * 1 - 0.25)

50% off coupon 225 $7.5 ($15 * 1- 0.5)

School Breaks 50 $15

25% off coupon 63 $11.25 ($15 * 1 - 0.25)

50% off coupon 75 $7.5 ($15 * 1- 0.5)