Question

A performer expects to sell 5,000 tickets for an upcoming concert. They want to make a total of $311, 000 in sales from these tickets. What is the price for one ticket?

Answer 1

The price of one ticket is $ 62.2

Solution:

Given that a performer expects to sell 5000 tickets for an upcoming event

They want to make a total of $ 311, 000 in sales from these tickets

To find: price of one ticket

Let us assume that all tickets have the same price

Let "a" be the price of one ticket

So the total sales price of $ 311, 000 is obtained from product of 5000 tickets and price of one ticket

$\text {total sales price }=5000 \times \text { price of one ticket }$

$311000 = 5000 \times a\\\\a = \frac{311000}{5000}\\\\a = 62.2$

Thus the price of one ticket is $ 62.2