The expression that represents the total amount that can be raised from selling 50 tickets is -2t + 250 and the total amount that can be raised is $194.
What is total revenue?
Total revenue is the amount of money earned by a company from the sale of its goods and services. In other words, businesses use this metric to determine how well their core revenue-generating operations are performing. Total revenue is directly related to marginal revenue.
Number of tickets that will be sold = 50
Number of student tickets that will be sold = t
Number of adult tickets that will be sold = 50 - t
The total amount of money that can be raised from selling 50 tickets is the sum of the total amount raised from selling student tickets and adult tickets.
Total revenue = total amount raised from selling students tickets + total amount raised from selling adults tickets
Total revenue = [3 x t] + [(50 -t) x $5]
Total revenue = $3t + $250 - 5t
Total revenue = -2t + 250
Total revenue = -2(28) + 250
Total revenue = -56 + 250 = $194
Hence, the expression that represents the total amount that can be raised from selling 50 tickets is -2t + 250, and the total amount that can be raised is $194.
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