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If an organization were to sell n tickets for a theater prod
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05 Feb 2020, 06:40
05 Feb 2020, 06:40
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Question Stats:
75% (01:48) correct
25% (03:05) wrong based on 4 sessions
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If an organization were to sell n tickets for a theater production, the total revenue from ticket sales would be 20 percent greater than the total costs of the production. If the organization actually sold all but 5 percent of the n tickets, the total revenue from ticket sales was what percent greater than the total costs of the production?
(A) 4%
(B) 10%
(C) 14%
(D) 15%
(E) 18%
(A) 4%
(B) 10%
(C) 14%
(D) 15%
(E) 18%
Re: If an organization were to sell n tickets for a theater prod
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05 Feb 2020, 07:16
05 Feb 2020, 07:16
Asif123 wrote:
If an organization were to sell n tickets for a theater production, the total revenue from ticket sales would be 20 percent greater than the total costs of the production. If the organization actually sold all but 5 percent of the n tickets, the total revenue from ticket sales was what percent greater than the total costs of the production?
(A) 4% (B) 10% (C) 14% (D) 15% (E) 18%
(A) 4% (B) 10% (C) 14% (D) 15% (E) 18%
Let's put the ticket sales revenue at $120. The total cost of production is then $100.
Selling all but 5% of tickets means getting 95% of possible revenue. $120*0.95 = $114 which is 14% greater than the cost of production.
gmatclubot
Re: If an organization were to sell n tickets for a theater prod [#permalink]
05 Feb 2020, 07:16
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