A ticket scalper purchases six concert tickets for $220 each and resells them for $370 each.
The scalper also purchases 20 Extreme Pogo event tickets but can only sell 12 of them for $60 each.
a. What is the percentage increase in the price of each concert ticket?
b. What is the total profit the ticket scalper made on the concert tickets?
c. What does it cost to buy four Extreme Pogo event tickets through the event website with a 25% discount?
d. What is the percentage loss on the tickets the scalper was able to resell?
e. What was the overall percentage loss the ticket scalper experienced in this transaction?
f. If a different ticket scalper made an 8% profit on five sporting final tickets purchased for a total of $180, what is the total dollar profit made on this deal?
g. What is the total dollar profit a ticket scalper would make if they resold n tickets initially purchased for $x each with a y% increase?
The scalper also purchases 20 Extreme Pogo event tickets but can only sell 12 of them for $60 each.
a. What is the percentage increase in the price of each concert ticket?
b. What is the total profit the ticket scalper made on the concert tickets?
c. What does it cost to buy four Extreme Pogo event tickets through the event website with a 25% discount?
d. What is the percentage loss on the tickets the scalper was able to resell?
e. What was the overall percentage loss the ticket scalper experienced in this transaction?
f. If a different ticket scalper made an 8% profit on five sporting final tickets purchased for a total of $180, what is the total dollar profit made on this deal?
g. What is the total dollar profit a ticket scalper would make if they resold n tickets initially purchased for $x each with a y% increase?
