Examlex

Solved

A Theater Owner Charges $3 for Each Ticket

question 133

Short Answer

A theater owner charges $3 for each ticket.Currently,only 100 people attend the theater daily.The owner believes that for each $0.10 decrease per ticket,10 more people will attend.If this is true and the capacity of the theater is 200,what should the price of a ticket be if the owner wants to receive $375 daily from ticket sales?


Definitions:

Seventeenth Century

The seventeenth century spans the years 1601 to 1700, marking a period in history known for significant developments in science, art, and politics.

Social Media

Describes platforms and technologies that facilitate the creation and sharing of information, ideas, interests, and other forms of expression through virtual communities and networks.

Twitter

A social networking service that allows users to post and interact with messages known as "tweets," used for a variety of purposes including news, entertainment, and personal expression.

Politicians

Individuals involved in governing or making policy, typically within an institutional governmental context.

Related Questions