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T. Boone Pickens football stadium at Oklahoma State University has a seating capacity of about 65,000. Assume the stadium sells out all four home games before the season begins and the athletic department collects $29 million in ticket sales. 1. What was the average price per season ticket and average price per individual game ticket sold

Respuesta :

Answer:

  • Average price per season ticket =$446.15
  • The Average price per individual game ticket sold   =$111.54

Step-by-step explanation:

The stadium has a seating capacity of about 65,000.

There are 4 home games for the season.

Also, the athletic department collects $29 million in ticket sales.

(1)Average price per season ticket

The average price per season ticket is the total income divided by the number of seats.

Total Ticket sales=29,000,000

Number of Seats = 65,000

Average price per season ticket = 29,000,000÷65000

                                                  =$446.15

(2)Average price per individual game ticket sold

Since there are 4 home games and the average price per season ticket has been determined to be $446.15.

The Average price per individual game ticket sold = $446.15 ÷ 4

                                                                              =$111.54

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