Question

The blues festival sold 30% of tickets at a reduced price $20 and 40% of tickets at $35 and the rest at the door for full price $50. With 10 000 tickets sold, how much did they earn from ticket sales in dollars.

Answer 1

The blues festival earned $350,000 from ticket sales.

Step-by-step explanation:

To find out how much the blues festival earned from ticket sales, we need to calculate the revenue from each ticket price category and then add them up.

1. Number of tickets sold at $20: 30% of 10,000 = 0.30 * 10,000 = 3,000 tickets
2. Number of tickets sold at $35: 40% of 10,000 = 0.40 * 10,000 = 4,000 tickets
3. Number of tickets sold at $50: 100% - 30% - 40% = 30% of 10,000 = 0.30 * 10,000 = 3,000 tickets

Total revenue = (Number of tickets sold at $20 * $20) + (Number of tickets sold at $35 * $35) + (Number of tickets sold at $50 * $50)

= (3,000 * $20) + (4,000 * $35) + (3,000 * $50)

= $60,000 + $140,000 + $150,000

= $350,000