This year, the price of an admission ticket in an amusement park is 30% higher than last year's price. The number of tickets sold has decreased by 25%. What is the percent change in ticket sales?
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This year, the price of an admission ticket in an amusement park is 30% higher than last year's price. The number of tickets sold
Answer:
To calculate the percent change in ticket sales, we need to consider the change in the number of tickets sold.
Let's assume that last year's number of tickets sold is 100.
Since the number of tickets sold has decreased by 25%, the new number of tickets sold is 100 - (25% of 100) = 100 - 25 = 75.
Now, let's calculate the percent change in ticket sales:
Percent change = ((New value - Old value) / Old value) * 100
Percent change = ((75 - 100) / 100) * 100
Percent change = (-25 / 100) * 100
Percent change = -25%
Therefore, the percent change in ticket sales is -25%. This means that ticket sales have decreased by 25% compared to last year.
I hope this helps! Let me know if you have any further questions.