A charity sells tickets for a concert. They set the ticket price so that after paying an 18% commission to the box office and giving 12% of the remaining amount to the performers, the charity receives 5000 pounds. Work out the ticket price before commissions and payments if this amount relates to the total ticket revenue.
(a)Let total ticket revenue be R. Express the amount the charity receives in terms of R and show the equation to find R.(2)
(b)Solve your equation to find the total ticket revenue R, giving your answer to 2 decimal places and include appropriate units.(4)
(Total for Question 6 is 6 marks)