Question

Item 8 In a movie's opening weekend, 879,575 tickets are sold in 755 theaters. The average cost of a ticket is $9.50. What is the average amount of money earned by each theater?

Answer 1

To find the average earnings per theater from ticket sales, multiply the number of tickets sold by the average ticket price and then divide the total revenue by the number of theaters. With 879,575 tickets sold at $9.50 each over 755 theaters, the average earnings per theater are approximately $11,070.41.

Step-by-step explanation:

To calculate the average amount of money earned by each theater from ticket sales, we need to first determine the total revenue from ticket sales and then divide that number by the total number of theaters. The total revenue is the product of the number of tickets sold and the average cost of a ticket. Then we take this total revenue and divide it by the number of theaters to find the average earnings per theater.

The calculation would be:

1. Total revenue from ticket sales = Number of tickets sold × Average ticket price.
2. Average earnings per theater = Total revenue from ticket sales ÷ Number of theaters.

Using the given data:

1. Total revenue from ticket sales = 879,575 tickets × $9.50 per ticket.
2. Average earnings per theater = (879,575 tickets × $9.50 per ticket) ÷ 755 theaters.

By performing the calculation:

1. Total revenue from ticket sales = $8,357,962.50.
2. Average earnings per theater = $8,357,962.50 ÷ 755 theaters ≈ $11,070.41.

Therefore, the average earnings per theater are approximately $11,070.41.

Answer 2

the average amount of money is 1,165

Step-by-step explanation:

The computation of the average amount of money i.e. earned by each theater is shown below:

= Total number of tickets sold ÷ number of theaters

where,

The Total number of tickets sold is 879,575

And, the number of theaters is 755

Now place these values to the above formula

So, the average amount of money is

= $879,575 ÷ 755

= 1,165

hence, the average amount of money is 1,165