Last year you sold 80% of the tickets to a Chiefs/Raiders game. The average ticket price was $55, and the stadium holds 60,000 seats. In an effort to increase revenue, you are considering lowering prices by $5 a ticket for the same game this year. What percentage of tickets would you need to sell to earn the same revenue this year?

Answer rating: 100% (QA)

To solve this problem we can break it down into steps Calculate the total revenue generated from tic... View the full answer