Solve the Problem Using the Elimination Method

question 117

Multiple Choice

Solve the problem using the elimination method.
-There were 31,000 people at a ball game in Los Angeles. The day's receipts were $180,000. How many people paid $11 for reserved seats and how many paid $4 for general admission?

• A)23,000 paid $11 and 8000 paid $4
• B)17,000 paid $11 and 14,000 paid $4
• C)8000 paid $11 and 23,000 paid $4
• D)14,000 paid $11 and 17,000 paid $4

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Definitions:

Dividend Yield

A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, indicating the return on investment from dividend payments alone.

Price-Earnings Ratio

A valuation metric for a company's current share price compared to its per-share earnings, often used to assess if a stock is over or undervalued.

Earnings Per Share

A financial metric that calculates the portion of a company's profit allocated to each outstanding share of common stock, indicating the company's profitability.

Return On

A financial metric used to measure the efficiency of an investment or compare the efficiency of a number of different investments.