Answer:
Optimal ticket price is $35
Step-by-step explanation:
$50 -> 2000 tickets => $100,000 revenue
each $5 drop in price equals 500 more tickets sold
$40 -> 3000 tickets => $120,000 revenue
<u>$35 -> 3500 tickets => $122,500 revenue</u>
$30 -> 4000 tickets => $120,000 revenue
$25 -> 4500 tickets => $112,500 revenue
$20 -> 5000 tickets => $100,000 revenue
