Question

A performer expects to sell 5,000 tickets for an upcoming concert. He hopes to make a total of $311,000 in ticket sales from these tickets. 1. Assuming that all tickets have the same price, what is the price for one ticket?

Answer 1

If $x$ is the price per ticket, then

$5000x=\ 311000$

$\implies x=\ 62.20$

Answer 2

The price for one ticket is $62.20

Using this formula to determine the price for one ticket?

Price of one ticket=Total tickets sales/Expected number of ticket to sell

Where:

Total tickets sales=$311,000

Expected number of ticket to sell=5,000 tickets

Let plug in the formula

Price of one ticket=$311,000/5,000

Price of one ticket=$62,20

Inconclusion The price for one ticket is $62.20.

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