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# The Valley High School student council is planning a dance. The school has 200 students. The lowest possible ticket price is $1.00

Question

The Valley High School student council is planning a dance. The school has 200 students. The lowest possible ticket price is $1.00, and they estimate that for every $0.50 increase in ticket price, 25 fewer students will attend. What ticket price will maximize the student council’s profit?

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Math High School
1 week
2023-01-23T18:33:27+00:00
2023-01-23T18:33:27+00:00 1 Answer
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## Answer ( 1 )

What number of students would attend at the lowest ticket price?ticket priceof $1.00 it is likely that all the 200 students would attend because it is the most affordable priceticket priceincreases to $1.50,there would reduction in attendance by 25 students, leaving only 175 studentsticket priceincreases to $2.00 from $1.50, the attendance would reduce to 150ticket priceincreases to $2.50, only 125 students would grace the eventticket priceincreases to $3.00, only 100 students would be in attendancerevenuehas started declining, hence, the maximumrevenueis $312.50 for 125 studentsticket pricingon:https://brainly.com/question/28180460