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      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

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