the entrance ticket at the imagica in mumbai is worth rupees 1000. when the price of the ticket was lowered ,the sale of tickets increased by 25percent while the collection recorded a decrease of 20percent .find the deduction in the ticket price.
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The deduction in ticket price is Rs. 360.
Step-by-step explanation:
Consider the provided information.
Let they sell 100 tickets.
Total Collection = 1000 × 100 = Rs. 100,000
The sale of tickets increased by 25% while the collection recorded a decrease of 20%.
Total ticket sale = 100 + 25 % of 100 = 125.
This effected 20% decrease in collection.
Collection after increased sale = 100,000 - 20% of 100,000 = Rs. 80,000
In vacation time per ticket price = = Rs. 640.
Decreased in each ticket price is = 1000 - 640 = Rs. 360.
Hence, the deduction in ticket price is Rs. 360.
#Learn more
Find the profit percentage SP = ₹8250 profit = ₹750 CP = ? , Profit% =?
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