The Receipts for One Showing of a Movie Were $1,018

question 276

Essay

The receipts for one showing of a movie were $1,018 for an audience of 167 people. Children's tickets are $3, general admission is $8, and tickets for seniors are $4. If twice as many general admission tickets as children's tickets were purchased, how many of each type were sold?

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Definitions:

Overhead Cost

Expenses related to the operation of a business that are not directly tied to a specific product or service, including rent, utilities, and administrative salaries.

Contribution Margin

The amount remaining from sales revenue after variable costs are deducted, indicating how much contributes to covering fixed costs and generating profit.

Wholesale Distributor

A business that buys goods in large quantities from manufacturers and resells them in smaller quantities to retailers or other businesses.

Educational CD-ROMs

Digital storage media used to store and access educational content and interactive learning programs.