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100 points for $49 worth of Veritas practice GMATs FREE VERITAS PRACTICE GMAT EXAMS Earn 10 Points Per Post Earn 10 Points Per Thanks Earn 10 Points Per Upvote ## If the circus were to sell all of its 220 tickets for this.. tagged by: AAPL ##### This topic has 2 expert replies and 0 member replies ### Top Member ## If the circus were to sell all of its 220 tickets for this.. If the circus were to sell all its 220 tickets for this month's performance at its usual price, the revenue from sales would be 10% greater than that collected last month.If the circus raised the ticket price by 5% and sold only 200 tickets as a result, what percent less would last month's revenue be compared to this month's revenue? A. 2 B. 5 C. 100/21 D. 110/20 E. 9/4 The OA is C. I'm not sure what the question is asking: "what percent less would last month's revenue be compared to this month's revenue?" The way I interpreted the question was "last month's revenue is less than this month's revenue by how many percent?" I got 5%, (this month)-(last month)] / (last month). Can any experts help, please? Thanks! ### GMAT/MBA Expert Senior | Next Rank: 100 Posts Joined 16 Dec 2014 Posted: 94 messages Followed by: 4 members Upvotes: 2 GMAT Score: 770 Top Reply AAPL wrote: If the circus were to sell all its 220 tickets for this month's performance at its usual price, the revenue from sales would be 10% greater than that collected last month.If the circus raised the ticket price by 5% and sold only 200 tickets as a result, what percent less would last month's revenue be compared to this month's revenue? A. 2 B. 5 C. 100/21 D. 110/20 E. 9/4 The OA is C. I'm not sure what the question is asking: "what percent less would last month's revenue be compared to this month's revenue?" The way I interpreted the question was "last month's revenue is less than this month's revenue by how many percent?" I got 5%, (this month)-(last month)] / (last month). Can any experts help, please? Thanks! Situation 1 (220 tickets @ price P): Revenue = 220*P = 220P We know that this is 10% higher than the revenue last month - therefore the revenue last month is 200P. Situation 2 (200 tickets @ price 1.05P): = 200*1.05P = 210P Question asks us to look at how much less last months revenue is vs Situation 2: How much less is it? Well that's 210P - 200P = 10P Answer = 10P/210P = 1/21, to get it into a % we need to * by 100. So the answer in percentage terms is 100/21. ### GMAT/MBA Expert GMAT Instructor Joined 09 Apr 2015 Posted: 1461 messages Followed by: 18 members Upvotes: 39 AAPL wrote: If the circus were to sell all its 220 tickets for this month's performance at its usual price, the revenue from sales would be 10% greater than that collected last month.If the circus raised the ticket price by 5% and sold only 200 tickets as a result, what percent less would last month's revenue be compared to this month's revenue? A. 2 B. 5 C. 100/21 D. 110/20 E. 9/4 We can let p = the usual price per ticket and r = revenue last month So the normal revenue would be 220p and we can create the equation: 220p = 1.1r 200p = r When the ticket price is raised 5%, the revenue is 1.05p(200) = 210p. So the percent change from last month would be (200p - 210p)/210p x 100 = -10/210 x 100 = -1000/210 = -100/21, which corresponds to a revenue that is 100/21 percent less than this monthâ€™s revenue. Answer: C _________________ Jeffrey Miller Head of GMAT Instruction jeff@targettestprep.com See why Target Test Prep is rated 5 out of 5 stars on BEAT the GMAT. Read our reviews • Free Trial & Practice Exam BEAT THE GMAT EXCLUSIVE Available with Beat the GMAT members only code • Free Practice Test & Review How would you score if you took the GMAT Available with Beat the GMAT members only code • Free Veritas GMAT Class Experience Lesson 1 Live Free Available with Beat the GMAT members only code • 1 Hour Free BEAT THE GMAT EXCLUSIVE Available with Beat the GMAT members only code • 5-Day Free Trial 5-day free, full-access trial TTP Quant Available with Beat the GMAT members only code • FREE GMAT Exam Know how you'd score today for$0

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