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Re: A circus earned $150,000 in ticket revenue by selling 1,800 VIP and St [#permalink]
The question says They sold 25% more Standard tickets than V.I.P. tickets.

Does this not mean,

Total No. of Standard tickets sold = (Total No. of VIP tickets sold) + 0.25(Total No. of VIP tickets sold)

But your solutions show it as Total No. of Standard tickets sold = 0.25(Total No. of VIP tickets sold)

In other problem I was working on, it said something like - "Mary salary is $100 and Mercy's is 25% more than Mary's salary." and I translated it to:

Mercy's salary = 100 + 0.25(100) = 125

What I am missing?
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Re: A circus earned $150,000 in ticket revenue by selling 1,800 VIP and St [#permalink]
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flower07 wrote:
A circus earned $150,000 in ticket revenue by selling 1,800 VIP and Standard tickets. They sold 25% more standard tickets than VIP tickets. If the revenue from Standard tickets represents a third of the total ticket revenue, what is the price of a VIP ticket?

The question says They sold 25% more Standard tickets than V.I.P. tickets.

Does this not mean,

Total No. of Standard tickets sold = (Total No. of VIP tickets sold) + 0.25(Total No. of VIP tickets sold)

But your solutions show it as Total No. of Standard tickets sold = 0.25(Total No. of VIP tickets sold)

In other problem I was working on, it said something like - "Mary salary is $100 and Mercy's is 25% more than Mary's salary." and I translated it to:

Mercy's salary = 100 + 0.25(100) = 125

What I am missing?


Which solution are you referring to?

They sold 25% more standard tickets than VIP tickets --> {Standard} = 1.25*{VIP}.
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Re: A circus earned $150,000 in ticket revenue by selling 1,800 VIP and St [#permalink]
jlgdr wrote:
A circus earned $150,000 in ticket revenue by selling 1,800 VIP and Standard tickets. They sold 25% more standard tickets than VIP tickets. If the revenue from Standard tickets represents a third of the total ticket revenue, what is the price of a VIP ticket?

A. 50
B. 75
C. 100
D. 125
E. 150

Let no of VIP tickets sold be 4 ; No of Standard Tickets sold be 5
Actual no of VIP tickets sold is 800 ; Actual no of Standard Tickets sold is 1000

Total No of Tickets sold be 1800

Revenue = No of Tickets sold * Price of Ticket
Quote:
If the revenue from Standard tickets represents a third of the total ticket revenue, what is the price of a VIP ticket?

1000*t = 50,000

So, t = 50

Revenue from VIP tickets is 100,000, Price per ticket is 100,000/800 = 125, Answer must be (D)
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Re: A circus earned $150,000 in ticket revenue by selling 1,800 VIP and St [#permalink]
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Re: A circus earned $150,000 in ticket revenue by selling 1,800 VIP and St [#permalink]
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