Question

GM Search Share Tealn Cor A A General Conditional Formatting Insert 11 $ % Format as Table EDelete U E A Cell Styles Format Ide Font Alignment Number Styles Cells Editing Idea Type your response here H K M N Effect of Varying Price for X Games Tickets on Revenue and Net Income ds a formula $ 178,178 200 225 250 275 300 325 350 $ $ $ $ 218,128 $ 234,378 799 118,253 138,228 158,203 178,178 198,153 $ 238,103 849 128,253 $ 149,478 170,703 191,928 213,153 255,603 899 $ 138,253 160,728 183,203 205,678 228,153 250,628 273,103 949 148,253 $ 171,978 195,703 219,428 243,153 266,878 290,603 $ 283,128 $ 299,378 $ 999 158,253 183,228 208,203 233,178 258,153 S 308,103 1,049 168,253 194,478 220,703 246,928 $ 273,153 325,603 $ 1,099 178,253 205,728 233,203 260,678 $ 288,153 315,628 343,103 if management has a target net income of at least $250,000 which of the above SPECIFIC Combinations of price and quantity of X Games Tickets in the two variable data table would you recommend using? Explain yey reasoning. Type your response here

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Answer 1

Answer:

I can recommend any one of the below options:

1. 275 tickets with a price of $1099

2. 300 tickets with a price of $999

3. 325 tickets with a price of $899

4. 350 tickets with a price of $849

Among the above four options, the best option can be 300 tickets with a price of $999, just because of this price is best suited and 300 is the average number of customers. If the number of customer increases, the management get benefited.