So here's the solution to the problem:
Calculate the average sell:
1,700 * $25 = $42,500 (revenue)
And if the Opera House wants to increase their revenue:
The price of a ticket will be:
$25 - x (where x is the number of 1-dollar decreases)
The number of tickets in total:
1,700 + 200x
Therefore the equation is:
(1,700 +200x) * ( 25 - x ) = 55,000
We can also solve this equation, but the solutions are not whole numbers.
x 1 = 5.89 and x 2 =10.6
For x = 6 (6 times 1 - dollar decreases):
( 1,700 + 200 * 6 ) * ( 25 - 6 ) = ( 1,700 + 1,200 ) * 18
=2,900 *19 = 55,100 (we will yield the revenue over $55,000)
A lot of expressions are equal to that because 15+80 is 95. So an example could be 94+1, 95+0, 79+16, etc.
Answer:
The answer is 95.6606
Step-by-step explanation:
When sales terms, customer creditworthiness, and accounting methods are constant, the percentage change in sales and the percentage change in accounts receivable should be about equal.
<h3>What is the creditworthiness of a customer?</h3>
A customer is known to be one who can afford to pay for the product that they bought is said to be one who is creditworthy.
In a real world a person can extend as much credit to their customer as they can afford. When sales terms, customer creditworthiness, and accounting methods are said to not change, the percentage change in sales and that of accounts receivable should be about equal.
learn more about accounts receivable from
brainly.com/question/25393740
