Question

    The price of a movie ticket was increased by 18%. The

    increase in ticket price reduced the number of audience by 25%. What is the effect on revenue? 
    A increase by 10% Correct Answer Incorrect Answer
    B decrease by 14% Correct Answer Incorrect Answer
    C decrease by 11.5% Correct Answer Incorrect Answer
    D decrease by 9.5% Correct Answer Incorrect Answer

    Solution

    The correct answer is C

    Practice Next

    Relevant for Exams: