Section: Mathematics Usage
10)
100 people will attend a dance if tickets cost $30 each. For each $5 increase in price, 10 fewer people will attend. What price will deliver the maximum dollar sales?
Explanation
The formula to solve this equation is M = (cost of ticket)(number of tickets). Thus
M = (30 + 5x)(100 - 10x).
The roots of this symmetric curve are 10 and -6 and the line of symmetry is x = 2. Plug 2 in for x in the original equation, and the result is 40.
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