Find trusted answers to your questions with the help of IDNLearn.com's knowledgeable community. Our experts are available to provide accurate, comprehensive answers to help you make informed decisions about any topic or issue you encounter.
9514 1404 393
Answer:
a) $395,375 taken in
b) $305,625 more needed
c) 1627 tickets
Step-by-step explanation:
a) For the rates and quantities given, the total revenue is ...
$525 × 126 +$325 × 348 +$175 × 1235 = $66,150 +113,100 +216,125
= $395,375
__
b) To take in $700,000 revenue must be increased by ...
$700,000 -395,375 = $304,625
__
c) The number of C tickets required to obtain a revenue of $284,725 is ...
$284,725/($175/ticket) = 1627 tickets