Attendance at the cricket world cup in India is extremely low. Surmising the high ticket prices might be the reason, the management decides to lower ticket prices by 20%. What should be the minimum percentage increase in attendance so that the total earnings from ticket sales do not drop?
a)16.67% b) 20% c) 22.22% d) 25%
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Option ( a ) is the correct answer based by the process
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Answer:
b)16.67%
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