What percentage change in ticket prices would make the


A popular performer is scheduled to appear at a major city. The promoter is deciding between two venues, the larger of which costs $20,000 to rent and the smaller of which costs $12,000 to rent. Ticket prices for the smaller venue are $20, but the promoter is unsure what to charge per ticket for the larger venue. If exactly 1000 customers arrive, what percentage change in ticket prices would make the profit at the large venue identical to that of the smaller venue?

Request for Solution File

Ask an Expert for Answer!!
Operation Management: What percentage change in ticket prices would make the
Reference No:- TGS02904705

Expected delivery within 24 Hours