Question

A region's average movie theater ticket price in 2007 was $6.65. For 2017, it was estimated to be $8.28. Find the percent of increase in average movie theater ticket price for this 10year period​

Answer 1

To find the percent increase in average movie theater ticket price for the 10-year period, you can use the following formula:

Percent Increase = (New Value - Original Value) / Original Value * 100

In this case:

Original Value = $6.65

New Value = $8.28

Percent Increase = (8.28 - 6.65) / 6.65 * 100

Simplifying the equation:

Percent Increase = 1.63 / 6.65 * 100

Percent Increase ≈ 24.48%

Therefore, the percent increase in average movie theater ticket price for the 10-year period is approximately 24.48%.

Explanation: