The sale of a cinema tickets is increased by 57\(\frac{1}{7}\)% and price of ticket increased by 16\(\frac{2}{3}\)%. Find the percentage change in the revenue.
Answer & explanation
Correct answer: option 3
Original : Changed
Tickets Sold = 7 : 11 [57\(\frac{1}{7}\)% = \(\frac{4}{7}\)]
Price = 6 : 7 [16\(\frac{2}{3}\)% = \(\frac{1}{6}\)]
[Revenue = Ticket Sold × Price) = 42 : 77
6 : 11
Difference = 11 - 6 = 5
Change % = \(\frac{5}{6}\) × 100 = 83\(\frac{1}{3}\)%