Econ-jammin' has recently discovered that its fans are made up of two distinct groups, which they can easily distinguish. they have decided to utilize their economic knowledge and offer a high-priced ticket of $40 per person and a low-priced ticket of $20 per person. based on this information, what is the net revenue earned by the sales of the high-priced ticket?

Question

Yaretzi Mills

Business

20 March, 19:08

Econ-jammin' has recently discovered that its fans are made up of two distinct groups, which they can easily distinguish. they have decided to utilize their economic knowledge and offer a high-priced ticket of $40 per person and a low-priced ticket of $20 per person. based on this information, what is the net revenue earned by the sales of the high-priced ticket?

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Regan Rosales · Answer 1

For this question, make sure to utilize the price charts given. To solve for the net revenue (which is also known as net operating income or net profit) take the gross sales and subtract the cost of the sales, including the cost of goods sold. From that you will be able to tell the net revenue earned from the high-priced ticket.