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The number of seats in a cinema hall is decreased by 12 percent and the price of tickets also decreased by 4 percent. Find the change in the collection of revenue.
- a)decrease 15.52%
- b)decrease 16.52%
- c)decrease 17.52%
- d)decrease 14.325
- e)None of these
Correct answer is option 'A'. Can you explain this answer?
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Verified Answer
The number of seats in a cinema hall is decreased by 12 percent and th...
Answer –a) decrease 15.52% Explanation : Let initial seats = 100 and cost per seat = 100, so initial revenue = 10000 now final revenue = 88*96 = 8448 % percent change in revenue = [(10000 – 8448)/10000]*100 = 15.52%
Most Upvoted Answer
The number of seats in a cinema hall is decreased by 12 percent and th...
Given:
- Decrease in number of seats = 12%
- Decrease in price of tickets = 4%
To find: Change in the collection of revenue
Assuming the original number of seats in the cinema hall = 100 and the original price of each ticket = $100, we can calculate the original revenue as follows:
Original revenue = Number of seats * Price per ticket = 100 * 100 = $10,000
After the decrease in the number of seats and the price of tickets, the new revenue can be calculated as follows:
New number of seats = 100 - 12% of 100 = 88
New price per ticket = $100 - 4% of $100 = $96
New revenue = New number of seats * New price per ticket = 88 * 96 = $8,448
Therefore, the change in revenue can be calculated as follows:
Change in revenue = (New revenue - Original revenue) / Original revenue * 100%
= ($8,448 - $10,000) / $10,000 * 100%
= -15.52%
Hence, the answer is option A - decrease 15.52%.
- Decrease in number of seats = 12%
- Decrease in price of tickets = 4%
To find: Change in the collection of revenue
Assuming the original number of seats in the cinema hall = 100 and the original price of each ticket = $100, we can calculate the original revenue as follows:
Original revenue = Number of seats * Price per ticket = 100 * 100 = $10,000
After the decrease in the number of seats and the price of tickets, the new revenue can be calculated as follows:
New number of seats = 100 - 12% of 100 = 88
New price per ticket = $100 - 4% of $100 = $96
New revenue = New number of seats * New price per ticket = 88 * 96 = $8,448
Therefore, the change in revenue can be calculated as follows:
Change in revenue = (New revenue - Original revenue) / Original revenue * 100%
= ($8,448 - $10,000) / $10,000 * 100%
= -15.52%
Hence, the answer is option A - decrease 15.52%.
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The number of seats in a cinema hall is decreased by 12 percent and the price of tickets also decreased by 4 percent. Find the change in the collection of revenue.a)decrease 15.52%b)decrease 16.52%c)decrease 17.52%d)decrease 14.325e)None of theseCorrect answer is option 'A'. Can you explain this answer?
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