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vazorg [7]
3 years ago
6

A school band performs a spring concert for a crowd of 600 people. the revenue for the concert is $3150. there are 150 more adul

ts at the concert than students. how many of each type of ticket are sold?
Business
1 answer:
Alla [95]3 years ago
4 0
In this item, we let the number of tickets sold to the adults as x. With this, we can let the number of tickets sold to students with y. 

In this item, we are given that the sum of the number of students and adults is equal to 600. Further, we are also given that the difference is 150. The system of linear equation that would allow us to solve this item is,

               x + y = 600
               x - y = 150

Adding up the two equations will give us,
              2x = 750
Dividing by 2,
              x = 375

Substituting this value to the first equation,
          375 + y = 600
                 y = 225

Therefore, there are 375 and 225 number of tickets sold to adults and students, respectively. 
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Answer:

Definition of Economic Costs

Implicit and Explicit Costs:

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The rental income Darnell could receive if he chose to rent out his showroom  Implicit Cost

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Profit

(Dollars)

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Economic Profit             $3,000 ($89,000 - 86,000)

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a) Data:

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Profit           (Dollars)

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Cost of goods sold 452,000

Gross profit            $390,000

Wages & Utilities =   301,000

Net Income             $89,000

Opportunity cost of showroom = $38,000

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Answer:

Entry is given below

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