SOLUTION: An entertainment promotor for a magic show must make $161,000 from ticket sales in order to cover the cost and make a reasonable profit. The auditorium has 3000 seats with 1800 sea

Algebra.Com
Question 276777: An entertainment promotor for a magic show must make $161,000 from ticket sales in order to cover the cost and make a reasonable profit. The auditorium has 3000 seats with 1800 seats on the lower floor and 1200 balcony seats. Attendes will pay $20 more for the lower floor seats than for the balcony seats.
Write a system of equations with F for the floor seats ticket price and B for the balcony seat ticket price.

Answer by ankor@dixie-net.com(22740)   (Show Source): You can put this solution on YOUR website!
show must make $161,000 from ticket sales in order to cover the cost and make a reasonable profit.
The auditorium has 3000 seats with 1800 seats on the lower floor and 1200 balcony seats.
Attendees will pay $20 more for the lower floor seats than for the balcony seats.
Write a system of equations with F for the floor seats ticket price and B for the balcony seat ticket price.
:
Let b = balcony price
and
f = lower floor price
f = (b+20) also
:
Total revenue equation
1200b + 1800f = 161000
:
Simplify, divide by 100
12b + 18f = 1610
:
Replace f with (b+20), find b
12b + 18(b+20) = 1610
;
12b + 18b + 360 = 1610
:
30b = 1610 - 360
b =
b = $41.67 for balcony seat
and
41.67 + 20 = $61.67 for lower floor
:
:
Check solution by finding the actual revenue
1200(41.67) + 1800(61.67) =
50004 + 111006 = $161,010.00 (an extra $10 from rounding up the cents)

RELATED QUESTIONS

Hey, I'm having some major trouble on this problem. If you could please help me out with... (answered by josmiceli)
For an upcoming event, a 2500 seat arena is selling tickets for $25 and $15. At least... (answered by Theo)
In order to control costs, a company wishes to study the amount of money its sales force... (answered by variety,msvees)
Jones Stereo company sells stereo sets for $150 each. The parts for each stereo cost... (answered by Boreal)
In order to control costs, a company wishes to study the amount of money its sales force... (answered by stanbon)
Frank makes and sells small picture frames. His revenue from sales can be represented... (answered by ankor@dixie-net.com)
A firms marketing manager believes that total sales for the firm next year can be modeled (answered by Boreal)
An amateur drama group hire a theatre for their production. They expect to sell all 850... (answered by htmentor,stanbon)
Suppose you are an event coordinator for a large performance theater. One of the hottest... (answered by richard1234)