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Musya8 [376]
3 years ago
15

Scenario 15-6 The concert promoters of a heavy-metal band, WeR2Loud, know that there are two types of concert-goers: die-hard fa

ns and casual fans. For a particular WaR 2 Loud concert, there are 1,000 die-hard fans who will pay $150 for a ticket and 500 casual fans who will pay $50 for a ticket. There are 1,500 seats available at the concert venue. Suppose the cost of putting on the concert is $50,000, which includes the cost of the band, lighting, security, etc.
Refer to Scenario 15-6. How much additional profit can the concert promoters earn by charging each customer their willingness to pay relative to charging a flat price of $50 per ticket?
Business
1 answer:
makvit [3.9K]3 years ago
8 0

Answer:

$25000

Explanation:

The profit can be calculated using he following formula:

Profit = Sales - Expenses

Here

Expenses are $50,000 and

Sales are $50 per ticket with 1500 customers

So the total sales would be $75,000 ($50 per ticket * 1500 customers).

So by putting values in the above equation, we have:

Profit = $75,000 - $50,000 = $25,000

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2 years ago
The value of goods imported into mexico exceeds the value of goods exported by that country. this suggests that mexico has a​ __
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3 years ago
Evergreen Building, Inc. has declared a $40,000 cash dividend to shareholders. The company has 5,000 shares of $20-par, 6% prefe
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Answer:

Preferred dividends = $16500

Common dividends = $23500

Explanation:

given data

cash dividend = $40,000

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to find out

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solution

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and

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