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 Your Progress

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

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

It appears that you are browsing the GMAT Club forum unregistered!

Signing up is free, quick, and confidential.
Join other 500,000 members and get the full benefits of GMAT Club

Registration gives you:

Tests

Take 11 tests and quizzes from GMAT Club and leading GMAT prep companies such as Manhattan GMAT,
Knewton, and others. All are free for GMAT Club members.

Applicant Stats

View detailed applicant stats such as GPA, GMAT score, work experience, location, application
status, and more

Books/Downloads

Download thousands of study notes,
question collections, GMAT Club’s
Grammar and Math books.
All are free!

Thank you for using the timer!
We noticed you are actually not timing your practice. Click the START button first next time you use the timer.
There are many benefits to timing your practice, including:

If the circus were to sell all of its 220 tickets for this [#permalink]

Show Tags

07 Jan 2008, 09:20

1

This post received KUDOS

11

This post was BOOKMARKED

00:00

A

B

C

D

E

Difficulty:

95% (hard)

Question Stats:

48% (02:58) correct
52% (01:43) wrong based on 185 sessions

HideShow timer Statistics

If the circus were to sell all of its 220 tickets for this month's performance at their usual price, the revenue from sales would be 10% greater than that collected last month. However, the circus raised the ticket price by 5% and sold only 200 tickets as a result. What percent less was last month's revenue than that of this month?

Re: If the circus were to sell all of its 220 tickets for this [#permalink]

Show Tags

07 Jan 2008, 09:41

Expert's post

GK_Gmat wrote:

If the circus were to sell all of its 220 tickets for this month's performance at their usual price, the revenue from sales would be 10% greater than that collected last month. However, the circus raised the ticket price by 5% and sold only 200 tickets as a result. What percent less was last month's revenue than that of this month? 2 5 100/21 110/20 9/4

C

Rl - revenue of last month Rt - revenue of this month at usual prise. Rt2 - revenue of this month at higher prise.

Re: If the circus were to sell all of its 220 tickets for this [#permalink]

Show Tags

07 Jan 2008, 10:48

2

This post received KUDOS

Brav-0 Walker!

Here's my approach:

220p = 1.1RL (220 tickets at regular P price = 1.1 (or 10% more) than revenue last month (RL) to find RL just multiply each side by 10/11 (1.1*10 = 11/11 = 1) 220(10/11)p = 1.1(10/11)R: 200p = RL (so the revenue last month was = to 200p)

Now what does our revenue look like at the new ticket price this month:

200(1.05)P = 210p

so...if the revenue this month will be 210p, what percentage less was last months revenue at 200p than that of this month?

(210p-200p)/210p = 10p/210p = 1/21 we're looking for percentage though, so multiply this by 100 1/21(100) = 100/21

Re: If the circus were to sell all of its 220 tickets for this [#permalink]

Show Tags

08 Jan 2008, 00:17

walker wrote:

GK_Gmat wrote:

If the circus were to sell all of its 220 tickets for this month's performance at their usual price, the revenue from sales would be 10% greater than that collected last month. However, the circus raised the ticket price by 5% and sold only 200 tickets as a result. What percent less was last month's revenue than that of this month? 2 5 100/21 110/20 9/4

C

Rl - revenue of last month Rt - revenue of this month at usual prise. Rt2 - revenue of this month at higher prise.

Re: If the circus were to sell all of its 220 tickets for this [#permalink]

Show Tags

14 Feb 2009, 16:06

walker wrote:

GK_Gmat wrote:

If the circus were to sell all of its 220 tickets for this month's performance at their usual price, the revenue from sales would be 10% greater than that collected last month. However, the circus raised the ticket price by 5% and sold only 200 tickets as a result. What percent less was last month's revenue than that of this month? 2 5 100/21 110/20 9/4

C

Rl - revenue of last month Rt - revenue of this month at usual prise. Rt2 - revenue of this month at higher prise.

Re: If the circus were to sell all of its 220 tickets for this [#permalink]

Show Tags

14 Feb 2009, 16:16

1

This post received KUDOS

Expert's post

1

This post was BOOKMARKED

GK_Gmat wrote:

... What percent less was last month's revenue than that of this month?

We compare with "that of this month". Therefore, it is a base.

Consider this example: July revenue = 200 August revenue = 220

What percent more was August revenue than that of July? July is a base. Therefore, (220-200)/200 - it is typical case in our life. What percent less was July revenue than that of August? August is a base. Therefore, (220-200)/220 - it is reverse case as in the problem. _________________

Re: If the circus were to sell all of its 220 tickets for this [#permalink]

Show Tags

26 Aug 2010, 23:18

The easiest way to do this is by substituting values . say Price per ticket = 10 Therefore revenue for 220 tickets =2200 This is 10% higher than last time means last time was 2000 This month they sell 200 tickets for 10.5 ( increase ticket price by 5%) Therefore revenue this month is 200x 10.5 = 2100

Hence the inrease over last months revenue is 2100-2000=100

% increase= 100 x 100 = 100/21 Ans ******** **** 2100

Last edited by manjot77 on 26 Aug 2010, 23:25, edited 2 times in total.

Re: If the circus were to sell all of its 220 tickets for this [#permalink]

Show Tags

17 Jan 2011, 15:02

manjot77 wrote:

The easiest way to do this is by substituting values . say Price per ticket = 10 Therefore revenue for 220 tickets =2200 This is 10% higher than last time means last time was 2000 This month they sell 200 tickets for 10.5 ( increase ticket price by 5%) Therefore revenue this month is 200x 10.5 = 2100

Hence the inrease over last months revenue is 2100-2000=100

% increase= 100 x 100 = 100/21 Ans ******** **** 2100

I like this approach, but could someone please explain the last bit, why do you multiply 100/2100 with 100 ?

Re: If the circus were to sell all of its 220 tickets for this [#permalink]

Show Tags

10 Feb 2011, 10:38

hafgola wrote:

manjot77 wrote:

The easiest way to do this is by substituting values . say Price per ticket = 10 Therefore revenue for 220 tickets =2200 This is 10% higher than last time means last time was 2000 This month they sell 200 tickets for 10.5 ( increase ticket price by 5%) Therefore revenue this month is 200x 10.5 = 2100

Hence the inrease over last months revenue is 2100-2000=100

% increase= 100 x 100 = 100/21 Ans ******** **** 2100

I like this approach, but could someone please explain the last bit, why do you multiply 100/2100 with 100 ?

many thanks

You're just converting the decimal form into the % form.

Re: If the circus were to sell all of its 220 tickets for this [#permalink]

Show Tags

08 Jan 2012, 18:11

1

This post received KUDOS

I missed this one, the wording threw me off of finding which percentage the question was looking for. Which wording in this question shows that it was this month minus last month divided by this month not last month? _________________

Re: If the circus were to sell all of its 220 tickets for this [#permalink]

Show Tags

06 Jul 2014, 13:42

Hello from the GMAT Club BumpBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email. _________________

Re: If the circus were to sell all of its 220 tickets for this [#permalink]

Show Tags

06 Jul 2014, 14:24

Expert's post

3

This post was BOOKMARKED

GK_Gmat wrote:

If the circus were to sell all of its 220 tickets for this month's performance at their usual price, the revenue from sales would be 10% greater than that collected last month. However, the circus raised the ticket price by 5% and sold only 200 tickets as a result. What percent less was last month's revenue than that of this month?

A. 2 B. 5 C. 100/21 D. 110/20 E. 9/4

For a percentage questions like this one, it's almost always better to plug some smart numbers.

Let the usual price of a ticket be $20 (I chose $20 because $20+5%=$21=integer, which will make calculations easier). This month's revenue for this price would be 220*$20=$4,400 and we are told that it's 10% greater than the revenue collected last month, hence the last month's revenue was $4,400/1.1=$4,000;

Circus raised the ticket price by 5%, so the new price was $21 and the actual revenue from 200 tickets was 200*$21=$4,200;

What percent less would last month's revenue be compared to this month's revenue: \(percent=\frac{4,200-4,000}{4,200}*100=\frac{100}{21}%\). General formula for percent increase or decrease, (percent change): \(percent=\frac{Change}{Original}*100\), so as we are comparing the difference to this month's revenue we should put this value ($4,200) in the denominator.

Excellent posts dLo saw your blog too..!! Man .. you have got some writing skills. And Just to make an argument = You had such an amazing resume ; i am glad...

So Much $$$ Business school costs a lot. This is obvious, whether you are a full-ride scholarship student or are paying fully out-of-pocket. Aside from the (constantly rising)...

London is the best kept secret of the corporate world. It is English speaking and time delayed by only 5 hours. That means when London goes home at 5...