Answer:
$12
Step-by-step explanation:
If we stuck with the price of $8, then we end with an income of $2400
Increasing it by $1 will decrease attendance by 20
8 x 300 = 2400
9 x 280 = 2520
10 x 260 = 2600
11 x 240 = 2640
12 x 220 = 2640
13 x 200 = 2600
We're starting to go down, so let's stop there
The ticket price of $11 or $12 appears to give the most income
I would stick with $12 since your still getting more money from one ticket
The price of a ticket stick at $12 since you still get more money from one ticket.
Last year 300 people attended a play with a ticket price of $8.
The school estimates that 20 fewer people attend for each $1 increase in price.
If we keep the price at $8, we'll end up with a $2400 profit.
Increasing it by $1 will result in a 20 percent drop in attendance.
8 × 300 = 2400
9 × 280 = 2520
10 × 260 = 2600
11 × 240 = 2640
12 × 220 = 2640
13 x 200 = 2600
Let's come to a halt here since we're starting to descend.
The $11 or $12 ticket price looks to generate the most revenue.
I'd continue with $12 because you'll still make more money with one ticket.
More about the greatest income link is given below.
https://brainly.com/question/9453332
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