Answer:
Step-by-step explanation:
Let x represent the rate at which the ticket is sold and let y represent the number of tickets sold at that rate.
When x = 4, y = 800
This means that the income from gate takings at this rate is 4 × 800 = $3200
For each 1 dollar increase in the gate fee,management expects 100 fewer customers to buy tickets. It means that the amount earned would be (x + 1)(y - 100)
For the amount to be $3500, it means that
(x + 1)(800 - 100) = 3500
700(x + 1) = 3500
x + 1 = 3500/700 = 5
Therefore, management should charge $5 per person for gate fee so that it collects 3500 dollars from gate takings.
Answer:
11%
Step-by-step explanation:
A sales tax is placed on goods and services once the buyer and seller agree on what the exchange of currency is.
In this case you take the tax on the 1625 and not the 1803.75.
The buyer agreed to buy the item for 1625 and the seller agreed to sell it for that amount. So the tax goes on 1625.
Tax amount = total price - selling price
Tax amount = 1803.75 - 1625
Tax amount = 178.75
That's not what you want. You want the % of the tax.
% Tax = (Tax Amount / Selling Price) * 100
% Tax = (178.75 / 1625) * 100
% Tax = 0.11 * 100
% Tax = 11% Answer
Addition will be the last operation
