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The number of seats in a cinema hall is increased by 25%.The cost of a ticket is also increased by 10%.The overall % increase in the revenue is: 36%35%37.5%None of these

Question

The number of seats in a cinema hall is increased by 25%.The cost of a ticket is also increased by 10%.The overall % increase in the revenue is: 36%35%37.5%None of these

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Solution

To solve this problem, we can use the formula for calculating the overall percentage increase, which is:

Overall % increase = % increase in quantity + % increase in price + (% increase in quantity * % increase in price / 100)

Here, the % increase in quantity (number of seats) is 25% and the % increase in price (cost of a ticket) is 10%.

So, the overall % increase in revenue is:

= 25% + 10% + (25% * 10% / 100) = 35% + 2.5% = 37.5%

So, the overall % increase in the revenue is 37.5%.

This problem has been solved

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