If an organization were to sell n tickets for a theater : Quant Question Archive [LOCKED]
Check GMAT Club Decision Tracker for the Latest School Decision Releases http://gmatclub.com/AppTrack

 It is currently 18 Jan 2017, 20:39

### GMAT Club Daily Prep

#### Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

# Events & Promotions

###### Events & Promotions in June
Open Detailed Calendar

# If an organization were to sell n tickets for a theater

 post reply Question banks Downloads My Bookmarks Reviews Important topics
Author Message
Manager
Joined: 07 Jul 2003
Posts: 56
Followers: 2

Kudos [?]: 0 [0], given: 0

If an organization were to sell n tickets for a theater [#permalink]

### Show Tags

09 Feb 2004, 11:09
This topic is locked. If you want to discuss this question please re-post it in the respective forum.

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%
_________________

Attain Moksha

Director
Joined: 03 Jul 2003
Posts: 652
Followers: 3

Kudos [?]: 91 [0], given: 0

### Show Tags

09 Feb 2004, 11:26
Ans: C 14%

N*P = R = 1.2*C

((0.95*N*P - C ) / C ) * 100% = 14%

Where
N = Number of tickets
P = Price per ticket.
R = Total Revenue.
C = Total cost.
SVP
Joined: 30 Oct 2003
Posts: 1793
Location: NewJersey USA
Followers: 5

Kudos [?]: 98 [0], given: 0

### Show Tags

09 Feb 2004, 13:22
N be no of tickets sold and X be the price per ticket. C be the cost of production. Since revenue is 20% more than C we have
N*X = C + 20/100 * C = 1.2C
Now we have N * 5/100 less tickets sold
So
(N-N*5/100) X = y

NX - 5NX/100 = y = 1.2C - 0.06C = 1.14C = C + 14/100 * C
so 14% is the answer.
Manager
Joined: 16 Jan 2004
Posts: 64
Location: NJ
Followers: 1

Kudos [?]: 0 [0], given: 0

### Show Tags

09 Feb 2004, 13:59
14

Use numbers in % problems instead of setting equations and see how fast and easy you could solve them

here n=20
cost = 50
sale = 60

cost per ticket = 3

5% less of 20 = 19 * 3 (cost of each ticket = 57

57 is 14% of 50
Manager
Joined: 28 Jan 2004
Posts: 203
Location: India
Followers: 2

Kudos [?]: 27 [0], given: 4

### Show Tags

10 Feb 2004, 00:51
Let production cost = 100
No. of tickets = N (given)
So n tickets generated revenue = 120
So 95% of N generated revenue = 114.
Increase = 114 - 100 = 14%
Thats the easiest way to do this,i guess.
CEO
Joined: 21 Jan 2007
Posts: 2756
Location: New York City
Followers: 11

Kudos [?]: 851 [0], given: 4

### Show Tags

28 May 2007, 19:31
mdfrahim wrote:
Let production cost = 100
No. of tickets = N (given)
So n tickets generated revenue = 120
So 95% of N generated revenue = 114.
Increase = 114 - 100 = 14%
Thats the easiest way to do this,i guess.

yea. no formulas to deal with.
28 May 2007, 19:31
Display posts from previous: Sort by

# If an organization were to sell n tickets for a theater

 post reply Question banks Downloads My Bookmarks Reviews Important topics

 Powered by phpBB © phpBB Group and phpBB SEO Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.