Imagine a box office manager reducing the price of a $100 ticket by 25% to help stimulate sales. Then a major event makes the game a must-have ticket and the same manager decides to raise prices of the discounted ticket by 25%. What will the ticket sell for?

Question

Quizplus · Accepted Answer

First, the ticket price is reduced by 25%, making it $75 ($100 - $25). Then, a 25% increase on $75 is $18.75, making the final price $93.75 ($75 + $18.75).

Imagine a Box Office Manager Reducing the Price of a $100