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A venue sold 8000 tickets for a concert. VIP tickets cost 50 and popular stand tickets cost 30. If the total revenue was $250,000, how many of each type of ticket were sold?
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Step-by-step solution
5 stepsDefine variables and set up equations.
Let be the number of VIP tickets sold and be the number of popular stand tickets sold.
Given:- Total number of people: 8000
- Price of VIP ticket:
\50$ - Price of popular stand ticket:
\30$ - Total revenue:
\250,000$
From this, we form two equations:
Solve the first equation for in terms of .
Subtract from both sides of equation (1):
Substitute the expression for into the second equation.
Substitute into equation (2):
Distribute the 30:
Simplify and solve for .
Combine like terms ():
Subtract 240000 from both sides:
Divide by 20:
Substitute the value of back into the expression for .
Using :
The number of VIP tickets sold is 500 and the number of popular stand tickets sold is 7500.
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