An outdoor amphitheatre has 20000 seats Ticket prices are 8
An outdoor amphitheatre has 20,000 seats. Ticket prices are $8, $12 and $20. How many tickets of each price should be sold (assuming all seats can be sold) to bring in a return of $300,000? Make a table to indicate 3 sets of the coordinated values for x_1, x_2, and x_3.
Solution
Let x1 be the number of tickets with price $8 ,x2be the number of tickets with price $12 and x3 be the number of tickets with price $20
Therefore according to question
x1+x2+x3=20000
8x1+12x2+20x3=300000
when x1=2000
x2+x3=18000,12x2+20x3=300000-16000=284000
Solving these two equations we get
x2=9500,x3=8500
when x1 =4000
we get x2+x3=16000, 12x2+20x3=300000-32000=268000
Solving these two equations we get x2=6500 and x3=9500
when x1=8000
x2+x3=12000,12x2+20x3=300000-64000=236000
Solving these two equations,we get
x2=500 and x3= 11500
| x1 | 2000 | 4000 | 8000 |
| x2 | 9500 | 6500 | 500 |
| x3 | 8500 | 9500 | 11500 |
