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23 June, 12:20

A 5000 seat theater has tickets at $27 and $40. How many tickets should be sold at each price for a sellout performance to generate a total revenue of $158,400

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  1. 23 June, 13:20
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    Let

    x = the number of tickets sold at $27 each

    y = the number of tickets sold at $40 each

    Because 5000 tickets were sold, therefore

    x + y = 5000 (1)

    Because the revenue generated was $158,400, therefore

    27x + 40y = 158400 (2)

    From (1),

    y = 5000 - x (3)

    Substitute (3) into (2).

    27x + 40 (5000 - x) = 158400

    -13x + 200000 = 158400

    -13x = - 41600

    x = 3200

    y = 5000 - x = 5000 - 3200 = 1800

    Answer:

    3200 tickets at $27 each, and

    1800 tickets at $40 each
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