Question

According to "All time box office rank", Avengers: Endgame in 2019 holds the highest all-time gross...

According to "All time box office rank", Avengers: Endgame in 2019 holds the highest all-time gross at $2.7 billion. Box office gross is calculated by multiplying the number of tickets sold times the price of the ticket.

However, your great uncle said, "No, that's not true, when I was young, everyone went to see Star Wars back in 1977. I am sure that the original Star Wars movie sold more tickets than Avengers Endgame.".

It turns out that your grandpa was right. Explain succinctly why. DO NOT INCLUDE UNNECESSARY INFORMATION.

Homework Answers

Answer #1

Box office gross = price * number of tickets sold.
For Star Wars it is only the quantity of tickets sold was greater. That is, as the price of tickets was much lower than Endgame tickets, Great Uncle is right is his claim. But that does not change the fact that Endgame is the highest BO gross of all times as the high price of the tickets is added in this claim.
When the price is much higher, revenue increases even if quantity is lower. For example, let us assume a movie ticket cost $2.23 in 1977, and Star Wars grossed about 367 million dollars. On the other hand, Endgame ticket cost $9 ($22 for a Friday night 3-D ticket). With these hikes in the price of tickets, even if Endgame sold less number of tickets than Star Wars, BO gross of Endgane will be higher. Hence all time high.

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