Question
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A 6000 -seat theater has tickets for sale at and . How many tickets should be sold at each price for a sellout performance to generate a total revenue of ?

Ask by Powers Boyd. in the United States
Mar 23,2025

Upstudy AI Solution

Tutor-Verified Answer

Answer

The theater should sell 3300 tickets at $26 and 2700 tickets at $40 to reach a total revenue of $193,800.

Solution

To solve this problem, we need to set up a system of equations based on the given information. Let’s denote the number of tickets sold at $26 as and the number of tickets sold at $40 as .
Given:
  1. Total number of tickets sold:
  2. Total revenue:
We can solve this system of equations to find the values of and that satisfy both conditions.
Solve the system of equations by following steps:
  • step0: Solve using the substitution method:
  • step1: Solve the equation:
  • step2: Substitute the value of
  • step3: Simplify:
  • step4: Move the constant to the right side:
  • step5: Subtract the numbers:
  • step6: Divide both sides:
  • step7: Divide the numbers:
  • step8: Substitute the value of
  • step9: Calculate:
  • step10: Calculate:
  • step11: Check the solution:
  • step12: Rewrite:

    The solution to the system of equations is and .
Therefore, to generate a total revenue of $193,800, the theater should sell 3300 tickets at $26 and 2700 tickets at $40 for a sellout performance.

Answered by UpStudy AI and reviewed by a Professional Tutor

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Simplify this solution

Beyond the Answer

To solve the problem, we can set up a system of equations. Let represent the number of tickets sold at and represent the number of tickets sold at .
We know two things:
  1. The total number of tickets sold must equal the total number of seats:
  2. The total revenue from ticket sales must equal :
Now, we can solve this system of equations.
From the first equation, we can express in terms of :
Next, substitute into the second equation:
Expanding the equation:
Combining like terms:
Now, isolate :
Now find :
So, to achieve a sellout performance and generate a total revenue of , the theater should sell tickets at and tickets at .

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