Asked by Jessica Woolf on Apr 23, 2024
A hockey arena has 2500 seats in the preferred red LOs near centre ice and 4500 seats in the less desirable blue LOs. At regular season prices, a sell-out would generate ticket revenue of $50,250 for a single game. Ticket prices are raised by 20% in the "blues" and 30% in the "reds" for the playoffs. Ticket revenue from a playoff sell-out would be $62,400. What are the ticket prices for the playoffs?
Ticket Prices
The amount charged for admission to an event or access to a service.
- Allocate resources or distribute quantities following predetermined ratios or in accordance with specified regulations.
- Determine percentage values, covering calculations for tax, discount, markup, and rate of change.
Learning Objectives
- Allocate resources or distribute quantities following predetermined ratios or in accordance with specified regulations.
- Determine percentage values, covering calculations for tax, discount, markup, and rate of change.