Question

Ticketmaster contracts with the producer of Blue Man Group to sell tickets online. Ticketmaster charges each customer a fee of $9 per ticket and receives $22 per ticket from the producer. Ticketmaster does not take control of the ticket inventory. Average ticket price for the event is $105. How much revenue should Ticketmaster recognize for each Blue Man Group ticket sold

Answer 1

C) $31 because both the fee from the customer and the Blue Man Group producer are earned

Step-by-step explanation:

Given that

Ticketmaster charges each customer a fee for $9 per ticket

Received per ticket from the producer $22

Average ticket price for the event is $105

By considering the above information, the revenue recognized

= Fee charges per ticket + received per ticket

= $9 + $22

= $31

The average ticket price is irrelevant. Hence, ignored it