Question

In a certain region, the average movie theater ticket prices in 2009 was $7.70, in 2008 it was $7.36. Find the increase in average movie theater ticket price from 2008 to 2009

Answer 1

The increase price of movie ticket is $ 0.34 or 4.619 %

Explanation:

Given as :

The average movie theater price in 2009 = $ 7.70

The average movie theater price in 2008 = $ 7.36

So, let The increase in price from 2008 to 2009 = $ 7.70 - $ 7.36

I.e = $ 0.34

Now in percentage increase

Percentage increase =
`(price in 2009 - price in 2008)/(price in 2008)` × 100

Or, Percentage increase =
`($ 7.70 - $ 7.36)/($ 7.36)` × 100

Or, Percentage increase =
`($ 0.34)/($ 7.36)` × 100

∴ Percentage increase = 4.619 %

Hence The increase price of movie ticket is $ 0.34 or 4.619 % Answer