SOLUTION: the alan company bout 80 tickets for a jazz conert. after giving away 20 tickets to customers, the company sold the rest to emplyees at half of the purchase price. if the company a

Question 228977: the alan company bout 80 tickets for a jazz conert. after giving away 20 tickets to customers, the company sold the rest to emplyees at half of the purchase price. if the company absorbed a $1000 loss on all tickets, how much did an emplyee pay for a ticket?
Found 2 solutions by JenniferTutors, josmiceli:
Answer by JenniferTutors(83) (Show Source): You can put this solution on YOUR website!
In this problem, if the tickets cost $20 a piece, and they bought 80 then the company would have spent $1,600. Now if they gave 20 way, then they only have 60 left to sell. At half price equaling $10, multiplied by 60, equals $600 profit.
Now with a $1600 being spent on tickets and they only gained $600 profit from selling the rest to the employees for half price, their loss equals $1000.
Each ticket= $20
Employee paid= $10
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Let = purchase price of a ticket
Amount taken in for sales to employees =

This amount is $1000 less than the price of 80 tickets which =

An employee paid per ticket

Employees played $10 for a ticket
check:

OK
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