Consider the question. A state fair charges $5 for a ticket. Two-thirds of the people who buy a ticket will buy deep-fried fair food for $8, one quarter will go on a ride for $4, and one eighth will spend $15 on a souvenir. The fair made $2520 from tickets. How many dollars did they make in all?
What is the step-by-step reasoning process to arrive at the answer: 6657?
The fair made $2520 from tickets, so they had 2520 / 5 = 504 people attend the fair. Two - thirds of those people will buy food, so 504 * 2 / 3 = 336 people will buy food. The fair will make 336 * 8 = $2688 from food. A quarter of the people will go on a ride, so 504 / 4 = 126 people will go on a ride. The fair will make 126 * 4 = $504 from rides. An eighth of the people will buy a souvenir, so 504 / 8 = 63 people will buy souvenirs. The fair will make 63 * 15 = $945 from souvenirs. In all, the fair will make 2520 + 2688 + 504 + 945 = $6657.