The number of seats in a cinema hall is increased by 20% and the price of a ticket is also increased by 8%. What is the percentage increase in the revenue collected?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. 29.6
Revenue = Seats × Price
New revenue = 1.20 × 1.08 = 1.296
So, percentage increase = (1.296 - 1) \100 = 29.6%