A concert tour: ticket prices, VAT and revenue shares
1.1 Integers, fractions, decimals and percentages1.3 Ratio, proportion and degree of accuracy3.2 Graphs, gradients and real-life graphsFoundation
A band plays one concert at an arena with 12 000 seats. Every seat is either a standard seat or a VIP seat. \(\frac{1}{10}\) of the seats are VIP seats.
All ticket prices include VAT at 20%.
The graph in Figure 1 shows the total number of standard tickets sold by the end of each week after tickets went on sale. All the standard tickets were sold by the end of week 5.
A standard ticket costs £57.60, including VAT.
Work out the price of a standard ticket before VAT is added.
Show solution
| \(57.60 \div 1.2\) or \(\frac{57.60}{120}\times100\) | M1 | Method may be seen in stages: 1% \(= 0.48\). |
| £48 | A1 | Accept £48.00. \(57.60\times0.8 = 46.08\) scores M0 A0. |
Answer: £48
Work out the number of standard seats.
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| \(12\,000\times\frac{1}{10}\) \((=1200)\) or \(12\,000\times\frac{9}{10}\) | M1 | |
| 10 800 | A1 |
Answer: 10 800
Use the graph to find the fraction of the standard seats that had been sold by the end of week 2.
Give your fraction in its simplest form.
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| 7200 read from the graph | B1 | |
| \(\frac{7200}{10\,800}\) | M1 | Allow ECF from their answer to (b) as the denominator. |
| \(\frac{2}{3}\) | A1 | Correct simplest form of their fraction for ECF; 0.666… or 66.7% alone scores A0. |
Answer: \(\frac{2}{3}\)
Show that the number of standard tickets sold during week 5 was 50% more than the number sold during week 4.
Show solution
| \(9600-8800 = 800\) and \(10\,800-9600 = 1200\) | M1 | Both weekly sales found from the graph. |
| \(\frac{1200-800}{800}\times100\) or \(\frac{1200}{800} = 1.5\) or \(800\times1.5 = 1200\) | M1 | Dependent on the first M1. |
| 50% with full working shown | A1 | cso. A conclusion such as \(1.5 = 1 + 0.5\), so 50% more, is needed for the multiplier method. |
Answer: 800 → 1200, an increase of 50%
Write down what the gradient of each line segment in Figure 1 represents.
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| the number of standard tickets sold per week (in that week) | B1 | Accept the rate of ticket sales. Do not accept the total number of tickets sold. |
Kai says,
“The graph shows that more standard tickets were sold in week 5 than in any other week.”
Is Kai correct? Give a reason for your answer.
Show solution
| No, with a reason, e.g. 4800 tickets were sold in week 1 but only 1200 in week 5, or the line is steepest in week 1 | B1 | Accept a comparison with week 2 (2400) or week 3 (1600) instead of week 1. |
Answer: No: 4800 were sold in week 1 (the steepest segment)
A VIP ticket costs £138, including VAT. Every seat for the concert is sold.
The money from all the ticket sales, not including VAT, is shared between the band, the promoter and the venue in the ratio \(5:3:2\).
Work out the amount of money the band receives.
Show solution
| \(10\,800\times48\) \((=518\,400)\) or \(10\,800\times57.60\) \((=622\,080)\) | M1 | Allow ECF from (a) and (b). |
| \(1200\times115\) \((=138\,000)\) or \(1200\times138\) \((=165\,600)\) | M1 | VIP takings; \(138\div1.2 = 115\). |
| \(656\,400\div10\times5\) or \(787\,680\div1.2\div10\times5\) | M1 | Total without VAT divided by 10 and multiplied by 5. |
| £328 200 | A1 | cao |
Answer: £328 200
For the next concert the ticket money is the same, but the ratio changes to \(9:7:4\) for the band, the promoter and the venue.
Work out how much less money the band receives than in part (f).
Show solution
| \(656\,400\div20\times9\) \((=295\,380)\) or \(656\,400\times\left(\frac{5}{10}-\frac{9}{20}\right)\) | M1 | Allow ECF from their total in (f). |
| £32 820 | A1 | Accept £32 820 from a correct follow-through of their (f). |
Answer: £32 820
Show full solution
| Working | Mark | Notes |
|---|---|---|
| Part (a) | ||
| \(57.60 \div 1.2\) or \(\frac{57.60}{120}\times100\) | M1 | Method may be seen in stages: 1% \(= 0.48\). |
| £48 | A1 | Accept £48.00. \(57.60\times0.8 = 46.08\) scores M0 A0. |
| Part (b) | ||
| \(12\,000\times\frac{1}{10}\) \((=1200)\) or \(12\,000\times\frac{9}{10}\) | M1 | |
| 10 800 | A1 | |
| Part (c) | ||
| 7200 read from the graph | B1 | |
| \(\frac{7200}{10\,800}\) | M1 | Allow ECF from their answer to (b) as the denominator. |
| \(\frac{2}{3}\) | A1 | Correct simplest form of their fraction for ECF; 0.666… or 66.7% alone scores A0. |
| Part (d) | ||
| \(9600-8800 = 800\) and \(10\,800-9600 = 1200\) | M1 | Both weekly sales found from the graph. |
| \(\frac{1200-800}{800}\times100\) or \(\frac{1200}{800} = 1.5\) or \(800\times1.5 = 1200\) | M1 | Dependent on the first M1. |
| 50% with full working shown | A1 | cso. A conclusion such as \(1.5 = 1 + 0.5\), so 50% more, is needed for the multiplier method. |
| Part (e)(i) | ||
| the number of standard tickets sold per week (in that week) | B1 | Accept the rate of ticket sales. Do not accept the total number of tickets sold. |
| Part (e)(ii) | ||
| No, with a reason, e.g. 4800 tickets were sold in week 1 but only 1200 in week 5, or the line is steepest in week 1 | B1 | Accept a comparison with week 2 (2400) or week 3 (1600) instead of week 1. |
| Part (f) | ||
| \(10\,800\times48\) \((=518\,400)\) or \(10\,800\times57.60\) \((=622\,080)\) | M1 | Allow ECF from (a) and (b). |
| \(1200\times115\) \((=138\,000)\) or \(1200\times138\) \((=165\,600)\) | M1 | VIP takings; \(138\div1.2 = 115\). |
| \(656\,400\div10\times5\) or \(787\,680\div1.2\div10\times5\) | M1 | Total without VAT divided by 10 and multiplied by 5. |
| £328 200 | A1 | cao |
| Part (g) | ||
| \(656\,400\div20\times9\) \((=295\,380)\) or \(656\,400\times\left(\frac{5}{10}-\frac{9}{20}\right)\) | M1 | Allow ECF from their total in (f). |
| £32 820 | A1 | Accept £32 820 from a correct follow-through of their (f). |
Answers: (a) £48 · (b) 10 800 · (c) \(\frac{2}{3}\) · (d) 800 → 1200, an increase of 50% · (e)(ii) No: 4800 were sold in week 1 (the steepest segment) · (f) £328 200 · (g) £32 820
Common error (a) Taking 20% off £57.60 gives £46.08, which is wrong: the 20% was added to the price before VAT, so divide by the multiplier 1.2.
Exam tip (e)(ii) On a graph of a running total, the number sold in one week is the rise of that segment, not the height of the point at the end of the week.