Last visit was: 23 Jan 2025, 07:28 It is currently 23 Jan 2025, 07:28
Home
GMAT
Messages
Tests
Schools
Reviews
Social
Chat
My Profile
Close
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
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.
Go to My Error Log Learn more
Close
Request Expert Reply
Confirm Cancel
Back to Forum
Create Topic
User avatar
Bunuel
User avatar
Math Expert
Joined: 02 Sep 2009
Last visit: 23 Jan 2025
Posts: 98,894
Own Kudos:
696,027
Given Kudos: 91,888
Products:
GMAT Club Tests Forum Quiz
Expert reply
Active GMAT Club Expert! Tag them with @ followed by their username for a faster response.
Posts: 98,894
Kudos: 696,027
A movie theater charges $6 per ticket, and pays $1,750 of expenses eac 05 Jun 2018, 21:39
Kudos
Add Kudos
Bookmarks
Bookmark this Post
00:00
Start Timer
Pause Timer
Resume Timer
Show Answer
Hide
Show
History
C
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!

Difficulty:

5% (low)

Question Stats:

96% (01:36) correct 4% (00:57) wrong based on 50 sessions

History

Date
Time
Result
Not Attempted Yet
A movie theater charges $6 per ticket, and pays $1,750 of expenses each time a movie is shown. How many tickets must be sold each time a movie is shown for the theater to make $1 of profit per ticket?

(A) 300
(B) 325
(C) 350
(D) 375
(E) 400
ShowHide Answer
Official Answer
C
User avatar
anuj04
User avatar
Joined: 25 Jul 2017
Last visit: 03 Jan 2020
Posts: 68
Own Kudos:
92
 [1]
Given Kudos: 42
Posts: 68
Kudos: 92
 [1]
A movie theater charges $6 per ticket, and pays $1,750 of expenses eac 05 Jun 2018, 21:50
1
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Let number of tickets be X. Therefore, from question: 6X -1750 =X
=> 5x=1750
=> X= 350
Answer is C
User avatar
EgmatQuantExpert
User avatar
e-GMAT Representative
Joined: 04 Jan 2015
Last visit: 02 Apr 2024
Posts: 3,692
Own Kudos:
18,527
Given Kudos: 165
Expert reply
Posts: 3,692
Kudos: 18,527
A movie theater charges $6 per ticket, and pays $1,750 of expenses eac 05 Jun 2018, 23:04
Kudos
Add Kudos
Bookmarks
Bookmark this Post

Solution



Given:
    • A movie theatre charges $6 per ticket
    • The theatre pays $1750 of expenses each time a movie is shown

To find:
    • The number of tickets that must be sold for each show to make a profit of $1 per ticket

Approach and Working:
Let us assume the number of tickets that need to be sold is n
    • Therefore, total profit amount = n * 1 = n
    • Total selling price of all the tickets = n * 6 = 6n
    • Therefore, total expenses = 6n – n = 5n

As the total expenses given is $1750, we can write
    • 5n = 1750
    Or, n = 350

Hence, the correct answer is option C.

Answer: C
User avatar
KSBGC
User avatar
Joined: 31 Oct 2013
Last visit: 10 Mar 2022
Posts: 1,257
Own Kudos:
1,332
 [1]
Given Kudos: 635
Concentration: Accounting, Finance
GPA: 3.68
WE:Analyst (Accounting)
Posts: 1,257
Kudos: 1,332
 [1]
A movie theater charges $6 per ticket, and pays $1,750 of expenses eac 06 Jun 2018, 03:19
Kudos
Add Kudos
1
Bookmarks
Bookmark this Post
Bunuel
A movie theater charges $6 per ticket, and pays $1,750 of expenses each time a movie is shown. How many tickets must be sold each time a movie is shown for the theater to make $1 of profit per ticket?

(A) 300
(B) 325
(C) 350
(D) 375
(E) 400


Let the number of tickets be sold to gain $1 per ticket is x.

we can form an equation: \(\frac{6x-1750}{x}\)=1 (we know that profit= revenue - expense. But we have to divide by total no. of tickets as we are asked to find out profit per tickets.)
6x-1750=x
5x=1750
x=350.

Thus the best answer is C.
User avatar
pushpitkc
User avatar
Joined: 26 Feb 2016
Last visit: 24 Apr 2024
Posts: 2,847
Own Kudos:
5,657
Given Kudos: 47
Location: India
GPA: 3.12
Posts: 2,847
Kudos: 5,657
A movie theater charges $6 per ticket, and pays $1,750 of expenses eac 06 Jun 2018, 12:34
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Bunuel
A movie theater charges $6 per ticket, and pays $1,750 of expenses each time a movie is shown. How many tickets must be sold each time a movie is shown for the theater to make $1 of profit per ticket?

(A) 300
(B) 325
(C) 350
(D) 375
(E) 400

Since the movie theatre charges $6 per ticket and it needs to make a profit of $1,
we can incur a cost of $5 per seat. The theatre needs to cover a cost of $1750

Therefore, the number of seats in the theatre is \(\frac{1750}{5} = 350\)(Option C)
User avatar
ScottTargetTestPrep
User avatar
Target Test Prep Representative
Joined: 14 Oct 2015
Last visit: 22 Jan 2025
Posts: 20,065
Own Kudos:
24,824
Given Kudos: 289
Status:Founder & CEO
Affiliations: Target Test Prep
Location: United States (CA)
Expert reply
Active GMAT Club Expert! Tag them with @ followed by their username for a faster response.
Posts: 20,065
Kudos: 24,824
A movie theater charges $6 per ticket, and pays $1,750 of expenses eac 07 Jun 2018, 17:03
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Bunuel
A movie theater charges $6 per ticket, and pays $1,750 of expenses each time a movie is shown. How many tickets must be sold each time a movie is shown for the theater to make $1 of profit per ticket?

(A) 300
(B) 325
(C) 350
(D) 375
(E) 400

We can let m = the number of tickets sold and create the equation:

6m - 1750 = 1m

5m = 1750

m = 350

Answer: C
User avatar
bumpbot
User avatar
Non-Human User
Joined: 09 Sep 2013
Last visit: 04 Jan 2021
Posts: 36,152
Own Kudos:
950
Posts: 36,152
Kudos: 950
A movie theater charges $6 per ticket, and pays $1,750 of expenses eac 10 Jun 2021, 05:42
Kudos
Add Kudos
Bookmarks
Bookmark this Post
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.
Moderators:
Bunuel
Math Expert
98894 posts
Krunaal
PS Forum Moderator
330 posts