Chapter 8.1, Problem 56STP

To determine

To find: The maximum amount of money that can be raised.

Answer to Problem 56STP

The maximum amount of money that can be raised is $\$500$.

Explanation of Solution

Given information:

The total number of seats in the theatre is $300$.

The maximum amount of money that can be raised is calculated as,

  $\begin{array}{c}M=\left(\text{Number}\text{of adult}\times \$2\right)+\left(\text{Number}\text{of students}\times \$1\right)\\ =\left(200\times 2\right)+\left(100\times 1\right)\\ =\$500\end{array}$

Thus, the maximum amount of money that can be raised is $\$500$.