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 →

Tickets

Expert replies
Post new topic Post Reply
Previous Topic Next Topic
Senior | Next Rank: 100 Posts
Posts: 56
Joined: Sat Dec 11, 2010 2:39 pm
Thanked: 3 times
by gmat7202011 » Fri Jan 21, 2011 7:22 pm
A ticket for a movie show costs 250$
When the price of the ticket was lowered , the sales increased by 50%, while the collections decreased by 17.5%

Find the reduction in the ticket price

Thank You
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Source: — Problem Solving |
Master | Next Rank: 500 Posts
Posts: 139
Joined: Fri Nov 26, 2010 4:45 pmFollowed by: 1 member
Location: Boston
Thanked: 20 times
GMAT Score:720

by stormier » Fri Jan 21, 2011 7:48 pm
gmat7202011 wrote:A ticket for a movie show costs 250$
When the price of the ticket was lowered , the sales increased by 50%, while the collections decreased by 17.5%

Find the reduction in the ticket price

Thank You
For 1 ticket

Before price reduction, collection = 250
If x is the new price, new collection = 1.5x (because 1.5 as many tickets sell at new price as at old price)

new collection = 250 (1-0.175) = 250(0.875) = 1.5x

=> x = 137.5

Reduction in ticket price = 250 - 137.5 = $112.5, or 45 %
Last edited by stormier on Fri Jan 21, 2011 7:50 pm, edited 1 time in total.
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Senior | Next Rank: 100 Posts
Posts: 71
Joined: Sun Feb 21, 2010 9:16 pm
Thanked: 3 times
GMAT Score:750

by ashforgmat » Fri Jan 21, 2011 7:50 pm
[spoiler]Reduction is Rs 112.5.
[/spoiler]

Form 2 equations :-

Say x = no of tickets
y = collection
r = reduction

250.x=y....(1)

(250-r).1.5x = 0.825y...(2)


divide (1) by (2)

and solve for r.

Cheers!
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Legendary Member
Posts: 586
Joined: Tue Jan 19, 2010 4:38 amFollowed by: 5 members
Thanked: 31 times
GMAT Score:730

by rohu27 » Fri Jan 21, 2011 7:55 pm
OA plz..is it 112.5 $ ?
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Senior | Next Rank: 100 Posts
Posts: 56
Joined: Sat Dec 11, 2010 2:39 pm
Thanked: 3 times

by gmat7202011 » Sat Jan 22, 2011 8:05 am
Yes, that is correct.

Thank You for helping out
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Post new topic Post Reply
• Page 1 of 1