Math Problem Statement

A motivational speaker sells regular tickets and vip tickets to their show. In order for the event to be profitable, it must sell a minimum of 80 VIP tickets and a minimum of 120 regular tickets. The speaker makes a profit of $225 for each regular ticket and a profit of $210 for each VIP ticket. The venue has room for 300 people. How many of each ticket should be sold to maximize profits?

Solution

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Math Problem Analysis

Mathematical Concepts

Linear Programming

Formulas

Objective Function: P = 225x + 210y

Theorems

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Suitable Grade Level

High School