If the price of a movie ticket increased by 12% and the sale of tickets also increased by 8%, the find % change in income.
Show answer & explanation
Correct answer: D
Explanation
The Correct answer is option 4 i.e. 22.0625%.
% change in income = 12.5 + 8.5 + (12.5 × 8.5)/100
⇒ 22.0625%