document.write( "Question 1008041: If tickets are sold 75$ each then 1800 tickets will be sold for each 1$ increase in tickets price 20 fewer tickets are sold what should be the price of each ticket to max revenue and what will it be \n" ); document.write( "
Algebra.Com's Answer #623829 by josmiceli(19441)\"\" \"About 
You can put this solution on YOUR website!
Let \"+n+\" = the number of $1 increases
\n" ); document.write( "in ticket price
\n" ); document.write( "Let \"+R+\" = revenue from sales of tickets
\n" ); document.write( "-----------------------------------
\n" ); document.write( "\"+R+=+%28+75+%2B+1%2An+%29%2A%28+1800+-+20n+%29+\"
\n" ); document.write( "-----------------------------
\n" ); document.write( "\"+R+=+135000+%2B+1800n+-+1500n+-+20n%5E2+\"
\n" ); document.write( "\"+R+=+-20n%5E2+%2B+300n+%2B+135000+\"
\n" ); document.write( "This is a parabola with a peak ( like an upside-down bowl )
\n" ); document.write( "The maximum is at \"+n+=++-b%2F%282a%29+\" where:
\n" ); document.write( "\"+a+=+-20+\"
\n" ); document.write( "\"+b+=+300+\"
\n" ); document.write( "------------
\n" ); document.write( " \"+-b%2F%282a%29+=+-300+%2F+%28+2%2A%28-20%29+%29+\"
\n" ); document.write( " \"+-b%2F%282a%29+=+300%2F40+\"
\n" ); document.write( "\"+-b%2F%282a%29+=+7.5+\"
\n" ); document.write( "Either $7 or $8 added to ticket price maximizes revenue,so
\n" ); document.write( "Ticket price should be $82 or $83
\n" ); document.write( "-----------------------------
\n" ); document.write( "check the answer:
\n" ); document.write( "\"+R+=+%28+75+%2B+1%2An+%29%2A%28+1800+-+20n+%29%0D%0ALet+%7B%7B%7B+n+=+7+\"
\n" ); document.write( "\"+R+=+%28+75+%2B+1%2A7+%29%2A%28+1800+-+20%2A7+%29+%0D%0A%7B%7B%7B+R+=+82%2A1660+\"
\n" ); document.write( "\"+R+=+136120+\"
\n" ); document.write( "-----------------
\n" ); document.write( "Let \"+n+=+8+\"
\n" ); document.write( "\"+R+=+%28+75+%2B+1%2A8+%29%2A%28+1800+-+20%2A8+%29%0D%0A%7B%7B%7B+R+=+83%2A1640+\"
\n" ); document.write( "\"+R+=+136120+\"
\n" ); document.write( "---------------
\n" ); document.write( "I get the same revenue on both sides of
\n" ); document.write( "the peak, so \"+n+=+7.5+\" must give me
\n" ); document.write( "maximum \"+R+\". You can't have 1/2 of a ticket,
\n" ); document.write( "so I have to choose \"+n+=+7+\" or
\n" ); document.write( "\"+n+=+8+\"
\n" ); document.write( "-----------
\n" ); document.write( "Hope I got it- you should get a 2nd opinion
\n" ); document.write( "on this one
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