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Calculate the percentage of occupancy

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Question - A theatre has 100 seats. In the coming year, it will be open for 200 nights and the owners would like to see an average ticket price of $60. The goal is achieving Sales Revenue= $ 1,000,000. Pricing Tranche data: Tranche 1, paying top ticket price, representing 60% of ticket sales. Tranche 2, paying 80% of the top ticket price, representing 30% of ticket sales. Tranche 3, paying 70% of the top ticket price, representing the remaining of ticket sales. Calculate the percentage of occupancy to achieve the desired sales revenue?

Reference no: EM132800618

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