Using the cost formula, we now know that the cost of each ticket costs $51 and $27.
<h3>What is the cost?</h3>
- Given a specified quantity of goods produced, a cost function is a mathematical formula that may be used to determine the overall cost of production.
- Below, the cost function will be thoroughly examined.
- A way to show unit expenses in relation to how many units of one or more were generated during a construction project.
We know that so far, they have sold 69 balcony tickets and 48 general admission floor tickets for Friday's show, for a total of $3,828 in receipts.
- For Saturday's show, 91 balcony tickets and 61 general admission floor tickets have been sold, equaling $4,984 in receipts.
- 98×B + 70×G = 6888 ....(1)
If we continue to follow this method, the second equation is:
- 85×B + 30×G = 5145 ....(2)
So let's fix this as follows:
- 98×B + 70×G = 6888
- 85×B + 30×G = 5145
Then,
30×G and 70×G are present.
We obtain this by multiplying the first equation by 3 and the second by 7.
- 3×98×B + 210×G = 3×6888
- 7×85×B + 210×G = 7×5145
Add the second equation and subtract the first.
The terms of G will cancel:
- (3×98 - 7×85)×B
- 3×6888 - 7×5145
- -301 × B = -15351
- B = 51
Let's add B=51 to the initial equation.
- 98×51 + 70×G = 6888
- 4998 + 70×G = 6888
- 70×G = 1890
- G = 27
Therefore, using the cost formula, we now know that the cost of each ticket costs $51 and $27.
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