Section : 6 - Problem - 17

[camitava]

Another problem to solve -

Code: Select all

If an organization were to sell n tickets for a theater production, the total revenue from ticket sales would be 20 percent greater than the total costs of the production. If the organization actually sold all but 5 percent of the n tickets, the total revenue from ticket sales was what percent greater than the total costs of the production?
(A) 4%		(B) 10%		(C) 14%
(D) 15%		(E) 18%

[Neo2000]

Hey am not sure i've understood the source of this problem.

Please do mention from where

[camitava]

Oops! Sorry for that. The problem is from Problem Solving from Wiki. I mean the resources uploaded by beattheGMAT itself.

[niks_01.27]

Its a simple problem of algebra;

n tickets --> 1.2 T (total cost)
.95 n --> ??

?? = 1.2 T * .95 n / n = 1.14 T

Answer is 14%

[camitava]

Yop! The OA is C itself. Thanks a lot for ur responses...