Question

It is estimated that 32 patrons will attend an event for every $100 spent in advertising. If tickets cost $75, how much can a promoter expect to increase sales if he spends $25,000 in advertising?.

Answer 1

In order to increase sales if he spends $25,000 in advertising, the promoter should be expecting 600,000 dollars

If It is estimated that 32 patrons will attend an event for every $100 spent in advertising.

The cost of tickets = $75,

If he spends $25,000 in advertising, divide the amount by 100 dollars

25000/100 = 250

This means 32 x 250 = 8000 patrons is estimated to attend an event.

Since each ticket cost 75 dollars, then, the promoter should expect to increase sales by multiplying 75 dollars by 8000 patrons. That is,

75 x 8000 = 600,000 dollars

Therefore, the promoter should be expecting 600,000 dollars to increase sales if he spends $25,000 in advertising.

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