BREAKING: Target Test Prep releases Brand New 2026 On Demand GMAT prep course

Redeem
TTP OnDemand GMAT Video Course
Featured Course

Target Test Prep GMAT OnDemand

Scott Woodbury-Stewart’s private virtual classroom — 400 hours of master-class video lessons for the GMAT Focus Edition.

  • 715+ score guarantee — highest in the industry (99th percentile)
  • 52 chapters · 1,500+ lessons · 4,000+ practice questions
  • 400 hours of video · 1,500+ instructor-led HD smartboard lessons
  • 300,000+ students accepted to Harvard, Stanford, Wharton, Booth & Sloan & more
  • 24/7 live support + weekly Zoom office hours with GMAT instructors
  • TTP AI Assist — 24/7 AI-powered virtual tutor for instant help
  • 1,200+ flashcards + AI-powered study assistant & daily calendar
  • OnDemand, LiveTeach & GMAT Bootcamp formats available
  • Also: GRE, SAT Math & Executive Assessment courses
  • MBA Admissions Consulting now available
  • 🏆 2025 EdTech Breakthrough Award: Test Prep Solution Provider of the Year
  • 200,000+ students served
  • 5-day free trial — $0 to start, no auto-billing, cancel anytime
★★★★★ 5.0 (559 reviews)
130-pt guarantee
$0 to start then $127/mo
Start Free 5-Day Trial Read 559 Reviews →

percentages

Expert replies
Post new topic Post Reply
Previous Topic Next Topic
Master | Next Rank: 500 Posts
Posts: 117
Joined: Mon Oct 27, 2008 5:08 pm
Thanked: 1 times
by [email protected] » Thu Apr 09, 2009 5:59 am
If the circus were to sell all of 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



[spoiler]100/21[/spoiler]
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Source: — Problem Solving |
Senior | Next Rank: 100 Posts
Posts: 56
Joined: Tue Jan 13, 2009 12:59 pm
Location: Toronto
Thanked: 1 times

by odod » Thu Apr 09, 2009 6:27 am
Hello,


I just made up a ticket price. Say $100 is the ticket price.

If the circus sold 220 tickets. Then Revenue = 220 * $100 = $22,000

This revenue - $22,000 - is 10% higher than the revenue collected last month's revenue. Last month's revenue must be $20,000.


So, if ticket prices were raised by 5% then ticket prices go from $100 to $105. And since 200 tickets were sold, then revenue is $105 * 200 = $21,000.

Last Months Revenue = $20,000
This Months Revenue (with increased ticket prices and less sales) = $21,000.

The revenue is $1,000 lower. $1,000/$21000 = 0.0476

To get this into a percentage, 0.0476 * 100 = 4.76%.

Which is the same as 100/21.

Cheers.
ODOD
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Senior | Next Rank: 100 Posts
Posts: 56
Joined: Tue Jan 13, 2009 12:59 pm
Location: Toronto
Thanked: 1 times

by odod » Thu Apr 09, 2009 6:27 am
Hello,


I just made up a ticket price. Say $100 is the ticket price.

If the circus sold 220 tickets. Then Revenue = 220 * $100 = $22,000

This revenue - $22,000 - is 10% higher than the revenue collected last month's revenue. Last month's revenue must be $20,000.


So, if ticket prices were raised by 5% then ticket prices go from $100 to $105. And since 200 tickets were sold, then revenue is $105 * 200 = $21,000.

Last Months Revenue = $20,000
This Months Revenue (with increased ticket prices and less sales) = $21,000.

The revenue is $1,000 lower. $1,000/$21000 = 0.0476

To get this into a percentage, 0.0476 * 100 = 4.76%.

Which is the same as 100/21.

Cheers.
ODOD
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Post new topic Post Reply
• Page 1 of 1