If an organization were to sell n tickets for a theater production, the total revenue from ticket sales would be 20 percent greater than the total costs of the production. If the organization actually sold all but 5 percent of the n tickets, the total revenue from ticket sales was what percent greater than the total costs of the production?
(A) 4%
(B) 10%
(C) 14%
(D) 15%
(E) 18%
C
assume n=20 and the production cost of each ticket= 1$
so [19+(20% * 19)-20]/20= 14%
I think its C
We can have equation
Y=Total revenue from ticket sales
X=total costs of production
Y=0.2X+X ….(1)
Let X=10,then eq.1 will become
12=2+10
For 14%
11.4=1.4+10
95% 0f 12 is 11.4
X =10 is constant so
14% of 10 is 1.4
It would be 14% greater…