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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?

Mathematics

ScanSolve AI Answer

Answer

V=500,P=7500V = 500, P = 7500

Step-by-step solution

5 steps
  1. Define variables and set up equations.

    Let VV be the number of VIP tickets sold and PP 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:

    V+P=8000(1)V + P = 8000 \quad (1) 50V+30P=250000(2)50V + 30P = 250000 \quad (2)
  2. Solve the first equation for PP in terms of VV.

    Subtract VV from both sides of equation (1):

    P=8000−VP = 8000 - V
  3. Substitute the expression for PP into the second equation.

    Substitute P=8000−VP = 8000 - V into equation (2):

    50V+30(8000−V)=25000050V + 30(8000 - V) = 250000

    Distribute the 30:

    50V+240000−30V=25000050V + 240000 - 30V = 250000
  4. Simplify and solve for VV.

    Combine like terms (50V−30V50V - 30V):

    20V+240000=25000020V + 240000 = 250000

    Subtract 240000 from both sides:

    20V=250000−24000020V = 250000 - 240000 20V=1000020V = 10000

    Divide by 20:

    V=1000020V = \frac{10000}{20} V=500V = 500
  5. Substitute the value of VV back into the expression for PP.

    Using P=8000−VP = 8000 - V:

    P=8000−500P = 8000 - 500 P=7500P = 7500

    The number of VIP tickets sold is 500 and the number of popular stand tickets sold is 7500.

    V=500,P=7500V = 500, P = 7500
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