Select the correct answer.

A theater company is considering raising the price of its tickets. It currently charges [tex]$8.50 for each ticket and sells an average of 200 tickets per show. The company estimates that for each $[/tex]0.25 increase in the ticket price, the average ticket sales will decrease by 5 people.

Which equation could the company solve to find the number of price increases, [tex]\(x\)[/tex], and still have a revenue of $1,700?

A. [tex]\(-1.25 x^2 - 7.5 x - 1,700 = 0\)[/tex]
B. [tex]\(-1.25 x^2 - 7.5 x = 0\)[/tex]
C. [tex]\(-1.25 x^2 + 7.5 x = 0\)[/tex]
D. [tex]\(-1.25 x^2 + 7.5 x - 1,700 = 0\)[/tex]



Answer :

To determine the correct equation that the theater company could solve to find the number of price increases [tex]\( x \)[/tex] and still achieve a revenue of \[tex]$1,700, let's break down the problem step-by-step: 1. Identify the initial conditions: - Initial ticket price: \$[/tex]8.50
- Initial tickets sold: 200

2. Determine the changes per increment:
- Price increase per increment: \[tex]$0.25 - Decrease in ticket sales per increment: 5 tickets 3. Set up the revenue equation: The revenue \( R \) is the product of the price per ticket and the number of tickets sold. If \( x \) is the number of price increments of \$[/tex]0.25, the new ticket price becomes [tex]\( \$8.50 + \$0.25 \times x \)[/tex] and the new number of tickets sold is [tex]\( 200 - 5 \times x \)[/tex].

So, the revenue equation is:
[tex]\[ R = (\text{Initial price} + \text{price increase per increment} \times x) \times (\text{Initial tickets sold} - \text{decrease in ticket sales per increment} \times x) \][/tex]
Given the revenue is \$1,700, we substitute [tex]\( R = 1700 \)[/tex]:
[tex]\[ 1700 = (8.50 + 0.25x)(200 - 5x) \][/tex]

4. Expand and simplify the equation:
First, expand the right side:
[tex]\[ 1700 = (8.50 \times 200) + (8.50 \times -5x) + (0.25x \times 200) + (0.25x \times -5x) \][/tex]
Simplify each term:
[tex]\[ 1700 = 1700 - 42.5x + 50x - 1.25x^2 \][/tex]
Combine like terms:
[tex]\[ 1700 = 1700 + 7.5x - 1.25x^2 \][/tex]

5. Move all terms to one side to form a quadratic equation:
[tex]\[ 1700 - 1700 = -1.25x^2 + 7.5x \][/tex]
Simplify the equation:
[tex]\[ 0 = -1.25x^2 + 7.5x \][/tex]

6. Compare with the given choices:
- Choice A: [tex]\(-1.25 x^2 - 7.5 x - 1,700 = 0\)[/tex]
- Choice B: [tex]\(-1.25 x^2 - 7.5 x = 0\)[/tex]
- Choice C: [tex]\(-1.25 x^2 + 7.5 x = 0\)[/tex]
- Choice D: [tex]\(-1.25 x^2 + 7.5 x - 1,700 = 0\)[/tex]

The correct equation is:
[tex]\[ 0 = -1.25x^2 + 7.5x \][/tex]
This matches choice B.

Therefore, the correct answer is:
[tex]\[ \boxed{\text{B}} \][/tex]

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