SOLUTION: An arena determines that (24,500-700x) spectators will attend a hockey game when the ticket price is x dollars. What ticket price will maximize revenue? Setup an equation and use i

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Question 1005363: An arena determines that (24,500-700x) spectators will attend a hockey game when the ticket price is x dollars. What ticket price will maximize revenue? Setup an equation and use it to find the price that will maximize revenue. Label your answer and round to the nearest cent.
Answer by josgarithmetic(39630) About Me  (Show Source):
You can put this solution on YOUR website!
Revenue will be %2824500-700x%29%2Ax, which is number of spectators multiplied by price. You can find the maximum using the zeros. The maximum revenue is in the middle of the two zeros.

245=7x
x=35-----one of the zeros.
x=0-----the other zero.
The middle value of these is 17.5.