A concert venue has determined that they usually sell 700 tickets for a concert when the price is at $25.00 per ticket. They notice that each time the price drops by $1.00, they usually sell an additional 50 tickets. Given this projected relationship, determine what price they should charge to earn a maximum revenue. To convincingly solve this problem numerically (make a table), graphically (make a graph), and algebraically (make and interpret an equation for total revenue).

Question

01-12-2022
Mathematics

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A concert venue has determined that they usually sell 700 tickets for a concert when the price is at $25.00 per ticket. They notice that each time the price drops by $1.00, they usually sell an additional 50 tickets. Given this projected relationship, determine what price they should charge to earn a maximum revenue. To convincingly solve this problem numerically (make a table), graphically (make a graph), and algebraically (make and interpret an equation for total revenue).

Sagot :

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