document.write( "Question 390123: Tickets to a school dance cost $5.00, and the projected attendance is 300 people. For every $0.50 increase in the ticket price, the dance committee projects that attendance will decrease by 20. What ticket price will generate $1562.50 in revenue? \n" ); document.write( "
Algebra.Com's Answer #276850 by ankor@dixie-net.com(22740)![]() ![]() You can put this solution on YOUR website! Tickets to a school dance cost $5.00, and the projected attendance is 300 people. For every $0.50 increase in the ticket price, the dance committee projects that attendance will decrease by 20. What ticket price will generate $1562.50 in revenue? \n" ); document.write( ": \n" ); document.write( "Let x = no. of .50 increases \n" ); document.write( "Let x = no. of 20 people decreases \n" ); document.write( ": \n" ); document.write( "(5 + .5x)(300 - 20x) = 1562.50 \n" ); document.write( "FOIL \n" ); document.write( "1500 - 100x + 150x - 10x^2 = 1562.5 \n" ); document.write( "A quadratic equation \n" ); document.write( "-10x^2 + 50x + 1500 - 1562.5 = 0 \n" ); document.write( ": \n" ); document.write( "-10x^2 + 50x - 62.5 = 0 \n" ); document.write( "Solve this using the quadratic formula \n" ); document.write( " \n" ); document.write( "a=-10; b=50; c=-62.5 \n" ); document.write( " \n" ); document.write( ": \n" ); document.write( " \n" ); document.write( "x = \n" ); document.write( "x = 2.5 \n" ); document.write( ": \n" ); document.write( "Ticket price: 2.5(.5) + 5.00 = $6.25 \n" ); document.write( ": \n" ); document.write( "No. of ticket: 300 - 2.5(20) = 250 people \n" ); document.write( ": \n" ); document.write( "Revenue: $6.25 * 250 = $1562.5 \n" ); document.write( " \n" ); document.write( " |