The entrance ticket at the Inox theatre in Chennai is worth Rs 250. The sale of tickets increased by 50% when the price of the ticket was lowered. However, the collections recorded a decrease of 17.5%. The price of the ticket is reduced by how much rupees?

(a)Rs150 (b)Rs112.50 (c)Rs105 (d)Rs120

• (b)Rs.112.50
  let the no. of tickets sold before = x
  then the no. of tickets sold after = 1.5x
  Collection Before = x*250
  Collection after = 1.5x* = (250x*82.5)100
  =137.5
  change in price =250 - 137.5
  =112.5
• 13 years agoHelpfull: Yes(3) No(1)