Friday, March 25, 2011

Chapter 3: Estimation in Event Revenue...

The musical "Chicago" is coming to town! The event manager intends to hold the performance in the Esplanade Theatre. He saw the following poster.

Poster produced by Tan Jian Hui S1-01
The event manager intend to run 20 shows, and he is pretty sure that all the tickets will be sold out. Charging a flat rate of $180 per ticket, it is going to earn $100 for each ticket sold. He used a calculator to work out the revenue, which turned out to be $4,000,000 (exactly). He jumped in excitement.
  • Do you think he has done a good calculation? Why?
Explain your thoughts in the Comments.

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