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The tickets for a certain concert were supposed to be distributed so that for every three tickets that were sold, one

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by VJesus12 » Fri Dec 11, 2020 1:49 am

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The tickets for a certain concert were supposed to be distributed so that for every three tickets that were sold, one ticket was to be given away for free. Due to low demand, the ratio changed so that, although the total number of tickets and the total revenue remained the same, the relative number of free tickets doubled. How many times larger was the actual price of each ticket?

A. 1.25

B. 1.33

C. 1.5

D. 2

E. 2.25

Answer: C

Source: Economist
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