The cost of a student ticket and an adult ticket are $5 and $8 respectively.
We can solve the question above using simultaneous equation.
Let :
x = price of adult tickets
y = price of children tickets
If 8 adult tickets and 12 student tickets are sold for a total of $124, the first equation would be
8x + 12y = $124
If 16 adult tickets and 23 student tickets are sold for a total of $243, the second equation would be
16x +23y = $243
Then, the two equations are
8x + 12y = 124
16x +23y = 243
To solve, multiply equation 1 by 2 . This gives equation 3
16x + 24y = 248
Now substract equation 3 from 2.
This gives y = 5
To find y, substitute 5 with y in equation 1
8 x + 12(5) = 124
8x + 60 = 124
Collect like terms
8x = 124 - 60
8x = 64
Divide both sides by 8
x = 8
Hence, the price adult ticket is $8 while the price of children ticket is $5.
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