Concept explainers
To calculate the amount that an employee pays for a ticket.
Answer to Problem 10P
$10
Explanation of Solution
Given:
Number of tickets bought is 80.
20 tickets sold at actual price
Remaining tickets sold at half price
Total loss is $1000.
Calculation:
Let x be the original price of a ticket and the price of tickets sold to the employees is
Cost of 80 tickets is 80x .
Number of tickets sold in the original price is 20.
Number of tickets sold for half the price is 80 − 20 = 60.
Therefore, the price of the tickets sold to the employees at half the price is
Total cost − total cost collected = Total loss
Therefore, the price sold to the employees is
Conclusion:
Therefore, the employees pay $10 for the ticket to the jazz concert.
Chapter 3 Solutions
Algebra: Structure And Method, Book 1
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