Suppose a music company is planning to organize a live concert
in a hall in Vanuatu. The ticket price is set as $50 for adults (aged
18 years and above) and $25 for children (aged less then 18 years).
The capacity of the hall is 10, 000 and it is anticipated that the
hall will be at full capacity on the day of concert. Additionally, the
company's target revenue from the sale of tickets is $300, 000. Assuming that you are employed by the company as a sales analyst.
Determine the number of tickets that need to be sold to adult and
children so that the targeted revenue can be achieved.
please Maths experts help answer asap
Answers
Answer:
Suppose a music company is planning to organize a live concert in a hall in Vanuatu. The ticket price is set as $50 for adults (aged 18 years and above) and $25 for children (aged less then 18 years). The capacity of the hall is 10, 000 and it is anticipated that the hall will be at full capacity on the day of concert. Additionally, the company's target revenue from the sale of tickets is $300, 000. (please mark me as a brainlist answer and vote me
Step-by-step explanation:
Assuming that you are employed by the company as a sales analyst. Determine the number of tickets that need to be sold to adult and children so that the targeted revenue can be achieved.
Answer:
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Step-by-step explanation:
price of the tickets for adults= $50
price of the tickets for children= $25
capacity of the hall= 10,000
target amount= $300,000
let the no. of adults be x and the no. of children be y.
Given,
x + y = 10000 ....(1)
50x + 25y = 3000000 ....(2)
Subtracting eq. 2 from eq. 1, we get
x = 2000
Now, putting the value of x in eq. 1, we get
y = 8000
.•. the no. of tickets that should be sold to adults and chlidren are 2000 and 8000 respectively.