Respuesta :
The cost of each ticket for the ballet is $13.25.
What is cost price?
The cost price or simply the cost in retail systems represents the particular value that corresponds to the unit price paid. In some stock market theories, this value is utilized to establish the value of stock holdings and is used as a key determinant of profitability.
There are numerous ways to calculate cost pricing, however it all relies on the kind of query we are asking. For instance,
If a selling price and profit are provided, then,
Cost price = Selling price (SP) − profit
If a selling price and loss are provided, then,
Cost price =Selling price + loss
In the given question,
The total amount that Marta paid is $53
=> amount = $53
and total number of tickets = 4
Now, the cost of each ticket = Total amount / number of tickets
= $53 / 4
= $ 13.25
Hence, the cost each ticket for the ballet is $13.25.
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