Math Problem: NBA Ticket Resale – How Much Did the Scalper Earn?

The NBA Finals this year featured a thrilling matchup between two of the league’s top teams. Fans scrambled to get tickets, which sold out within hours. A scalper, seeing an opportunity to make a profit, purchased tickets in bulk during the early sale period. To maximize earnings, the scalper applied a tiered pricing strategy, charging different markups based on the demand for certain sections of the arena.

Word Problem

The scalper purchased 20 tickets for \$120 each in the standard section and 10 premium tickets for \$250 each. For the standard section tickets, he applied a 50% markup, while for the premium tickets, he applied a 30% markup.

Question: What was the total amount the scalper earned from reselling all the tickets?

Options:
A. $5,800
B. $6,250
C. $6,500
D. $6,850

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