Exercise 3.1.2: (back)
Solution: ========= - Cost of the show is $0.04 * number of attendees, then add $180. - Revenue is the ticket price multiplied by number of attendees. - Profit is revenue minus cost. Price Attendees Cost Revenue Profit ======================================================= $5.00 120 184.80 600.00 415.20 $4.00 270 190.80 1080.00 889.20 $3.00 420 196.80 1260.00 1063.20 The best price to seel the ticket is $3.00.