Bob!
Coffee Buyer
- Jul 5, 2003
- 11,633
Let's say the average ticket price was £35.00
If pricing had been 15% lower (£29.50) then we would have needed to sell 25,600 tickets to achieve the same revenue. Would we have sold that many tickets at the lower price? If not then Barber got his pricing about right.
Problem with the maths is that most STHs that didn't go were complaining that prices were higher than their normal (discounted) price. If the prices had been set at that level we'd have needed to sell over 30,000 tickets to get the same revenue as today.