SOLUTION: A band has been drawing average crowds of 500 people. It is thought that for every $1 increase in the $12 ticket price, the average attendence will decrease by 50. At what ticket
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> SOLUTION: A band has been drawing average crowds of 500 people. It is thought that for every $1 increase in the $12 ticket price, the average attendence will decrease by 50. At what ticket
Log On
Question 129531: A band has been drawing average crowds of 500 people. It is thought that for every $1 increase in the $12 ticket price, the average attendence will decrease by 50. At what ticket price will the nightly receipts be $5600? Answer by josmiceli(19441) (Show Source):
You can put this solution on YOUR website! Let = the number of $1 ticket increases is the ticket price is the decrease in attendence for each $1
increase in ticket price is the attendence for each $1
increase in ticket price
subtract 5600 from both sides
Multiply both sides by
divide both sides by is the ticket price
The nightly receipts are $5600 when the ticket
price is $14
check answer:
OK
