University:
California State University, Northridge
Course:
FIN 639 | Seminar in Financial Problems
Academic year:

2025
Views:

111

Pages:

2
Author:

Dixie Summers

Calculating the Percent Increase in Ticket Costs Question: Every year, Natalie and her sister attend 'The Nutcracker' at the Arcadia Ballet. Last year, orchestra seating cost $52 per ticket. This year, it costs $65. What is the percent of increase in the cost of each ticket? Answer: To determine the percent increase in the cost of orchestra seating tickets for 'The Nutcracker', we will follow these steps: Step 1: Identify the costs   Last Year's Ticket Price: $52 This Year's Ticket Price: $65 Step 2: Calculate the increase in cost We can find the increase in ticket price by subtracting last year's price from this year's price: ' ' Increase ∈Cost =This Yea r s Price−Last Yea r s Price=Increase ∈Cost =65−52=13 Step 3: Calculate the percent increase To find the percent increase, we use the formula: Percent Increase =( Increase∈Cost )×100 Last Year ' s Price 13 Substituting the values we calculated: Percent Increase =( 52 ) ×100 Calculating this gives: Percent Increase =0.25 ×100=25 % Final Answer The percent increase in the cost of each ticket is 25%. Further Exploration To learn more about percentage calculations, consider exploring these resources:   Math is Fun: Percentage Khan Academy: Percent Change

Calculating the Percent Increase in Ticket Costs

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