Question
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:
- Total number of tickets sold:
- 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:
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 isand .
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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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:
- The total number of tickets sold must equal the total number of seats:
- 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
.