Question

a basket ball team knows that it can sell all 1000 seats in its arena for a price of $15 but determines that if it sell tickets for$20 then it will only sell 90% of the seats. by what percentage will the team increase its revenue if it decided to sell tickets for the higher price?

Answer
10
15
20
12
18

Answer 1

Answer:

20%

Step-by-step explanation:

at $15 each for 1,000 seats = $15,000

at $20 each for 900 seats =  $18,000 (higher price)

18,000 - 15,000          3,000     x 100%

    15,000              =    15,000

= 20%

Hence, the revenue which increases by $3,000 is 20% in percentage terms.

Answer 2

Answer:18

Step-by-step explanation: