Question

A 6000​-seat theater has tickets for sale at ​$25 and ​$40. How many tickets should be sold at each price for a sellout performance to generate a total revenue of ​$174,000​?

Answer 1

Explanation:

Let x be the amount of tickets sold for $25 and y be the amount of tickets sold for $40, since there are 6000 seats theatre then;

x+y = 6000 .............. 1

If x tickets cost $25 and y tickets are sold for $40 with total revenue of ​$174,000, then;

25x + 40y = ​174,000................ 2

From 1, x = 6000-y ............ 3

Substitute equation 3 into 2:

25x + 40y = ​174,000.

25(6000-y) + 40y = ​174,000

150,000-25y + 40y = 174,000

150,000+15y = 174,000

15y = 174,000-150,000

15y = 24,000

y = 24,000/15

y = 1600

Substitute y = 1600 into equation 3:

x = 6000-y

x = 6000-1600

x = 4400

Hence 4400 $25 tickets and 1600 $40 tickets must be sold to generate a revenue of $174,000