SOLUTION: Attendance at a cinema decreased by 12 %. How many percent should the price of
the movie ticket be raised so that the revenue would only decrease by 5 %?
Question 559956: Attendance at a cinema decreased by 12 %. How many percent should the price of
the movie ticket be raised so that the revenue would only decrease by 5 %? Answer by ankor@dixie-net.com(22740) (Show Source):
You can put this solution on YOUR website! Attendance at a cinema decreased by 12 %.
How many percent should the price of the movie ticket be raised so that the revenue would only decrease by 5 %?
:
Assume there are 100 at $1 each in attendance originally
A 12% decrease means only $88 in revenue
A 5% decrease mean $95 in revenue
95 - 88 = 7% increase in price to have 95% revenue
