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05 Jun 2018, 21:39
Kudos
Bookmarks
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 54
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
(A) 300
(B) 325
(C) 350
(D) 375
(E) 400
05 Jun 2018, 23:04
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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
