A miniature golf course owner has a location near LBCC. On a weekday during the school year, she observes that 100 players show up at a price of $15 each. On weekends, the demand increases by 50. During school break, only sell 50 show up. The owner tries Travelzoo coupons to boost sales. If she gives a 25% off coupon, sales increase by 25%. If she gives a 50% off coupon, she can boost sales by 50% over the base price. Copy the following chart to your workbook and fill in the numbers: Quantity sold Selling price
School Year Weekday
25% off coupon
50% off coupon
School Year Weekends
25% off coupon
50% off coupon
School Breaks
25% off coupon
50% off coupon

Miniature Golf Course

Filling in the Numbers in the Chart:

                                      Quantity  Selling

                                         sold       price

School Year Weekday    100          $15

25% off coupon              125          $11.25

50% off coupon              150           $7.5

School Year Weekends 150          $15

25% off coupon              188          $11.25

50% off coupon             225          $7.5

School Breaks                 50          $15

25% off coupon               63          $11.25

50% off coupon               75           $7.5

Explanation:

a) Data and Calculations:

Sales during weekday during the school year = 100

                                      Quantity  Selling

                                          sold      price

School Year Weekday    100          $15

25% off coupon              125          $11.25 ($15 * 1 - 0.25)

50% off coupon              150           $7.5 ($15 * 1- 0.5)

School Year Weekends 150          $15

25% off coupon              188          $11.25 ($15 * 1 - 0.25)

50% off coupon             225          $7.5 ($15 * 1- 0.5)

School Breaks                 50          $15

25% off coupon               63          $11.25 ($15 * 1 - 0.25)

50% off coupon               75           $7.5 ($15 * 1- 0.5)

answer; sensory adaptation;