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welcome back guys in this video were gonna do a word problem so were told a concert sells a hundred tickets at six dollars each the management found that for every one dollar increase in price ten less people will go and then we have to answer these three questions here what ticket price maximizes revenue what is the max revenue and number three how many people will attend when revenue is maximized okay so in general were talking about revenue here and revenue is always what the price for an item times the number of items so currently were told that the price of each ticket is six dollars and there are a hundred tickets being sold so we know the current revenue right now is six hundred dollars for this concert but theyre wondering can they increase that revenue well theyre told that for every one dollar increase in price ten less people will go so what we can do is we can introduce a variable X and we can let it equal the number of $1.00 increases in price so notice we can now m