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
Answers
Answered by
3
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.
Answered by
0
Answer:18
Step-by-step explanation:
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