The number of seats in an auditorium is increased by 25%. The price of a ticket is also increased by 12%. Then the increase in revenue collection will be
Let's assume no. of seats were 100 and price of a ticket was 100 hence total revenue is 10000.
Now acc. to question after increment no. of seats will be 125 and price of a ticket will be 112. Hence total revenue will be 125*112 = 14000.
Increment in revenue = 4000
% increase in revenue = 40%
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