In: Accounting
For a particular event, 340 tickets were sold for a total of $7600. If students paid $10 per ticket and nonstudents paid $40 per ticket, how many student tickets were sold?
We will solve it by equation method:
Let the number of students be x
Let the number of nonstudents be y.
Thus, 1st equation will be,
340 tickets were sold; 340 tickets comprises of students tickets & non students tickets
thus,
x + y = 340
y = 340 - x
2nd equation will be,
340 tickets were sold for a total of $7600 , Students (x) paid $10 per ticket and nonstudents (y) paid $40 per ticket
Thus,
( x * $ 10 ) + ( y * $ 40 ) = $ 7,600
$ 10x + $ 40y = $ 7,600
let's put y value as per equation 1 in above equation as follows:
$ 10x + $ 40 (340 -x) = $ 7,600
$ 10x + $ 13,600 - $ 40x = $ 7,600
$ 13,600 - $ 7,600 = $ 40x - $ 10x
$ 6,000 = $ 30x
x = $ 6,000 / $ 30
x = 200
Thus, 200 students (x) tickets sold.
We can also calculate non students tickets as follows
let's put x value in equation 1 is as follows:
y = 340 - x
y = 340 - 200
y = 140
Thus,
140 nonstudents (y) tickets sold.
Note:
We can cross check our answer:
( x * $ 10 ) + ( y * $ 40 ) = $ 7,600
( 200 * $ 10 ) + ( 140 * $ 40 ) = $ 7,600
$ 2000 + $ 5,600 = $ 7,600
$ 7,600 = $ 7,600