Different price changes across ticket types call for a weighted average: track each type’s share of the original revenue through its own price change. Because ticket counts stay the same, each price change also changes that type’s revenue by the same percent. Use the overall change to find the original split, then divide standard-ticket revenue by the new total, not the original total.
Hints
- Hint 1
A starting share is a category’s part of the original total. If standard tickets brought in a share of , student tickets brought in , because those two categories make up all the revenue.
- Hint 2
The ticket counts don’t change, so a increase in standard-ticket price multiplies standard-ticket revenue by . What multiplier represents the student-ticket price decrease?
- Hint 3
Add each category’s adjusted revenue to get the new total. Once you find the original split, remember that the requested share compares adjusted standard-ticket revenue with adjusted total revenue.
Step-by-step
Track the two revenue shares
Step 1Write the original shares
Count the original total revenue as , or . Let be the original share from standard tickets. The theater sells only two kinds of tickets, so the student-ticket share is . Both shares are parts of the original total.
- Step 2
Apply each price change to its category
The number sold in each category stays the same, so each category’s revenue changes by the same percent as its ticket price. A increase gives standard tickets the multiplier , while a decrease leaves student tickets with the multiplier . Their adjusted revenues, measured against the original total, are and .
- Step 3
Use the overall revenue change
A increase makes the new total times the original total of . The two adjusted categories must add to that total, so . Adding the two price-change percents instead would ignore how much revenue each category started with.
- Step 4
Find the original standard share
Type in Desmos, using for and to tell Desmos to solve rather than graph. Under PARAMETERS, it shows . So standard tickets brought in of the original revenue, not necessarily the new revenue.
- Step 5
Find adjusted standard-ticket revenue
Add in Desmos. It shows , the standard-ticket revenue after its price increase, measured against the original total of . That makes a tempting stopping point, but it still uses the original total as its whole.
- Step 6
Divide by the adjusted total
The question asks for a share after the adjustment, so divide the adjusted standard revenue by the adjusted total, . Type ; Desmos shows . Rounded to the nearest , standard tickets provided of the theater’s adjusted revenue. Choice A.