4. A theatre wants to establish an easy way to calculate its ticket prices. It has determined that the cost of a ticket is $10.00, with expenses of 50% of cost. It requires $4 profit per ticket. What is its markup on cost as a percentage?

4. A theatre wants to establish an easy way to calculate its ticket prices. It has determined that the cost of a ticket is $10.00, with expenses of 50% of cost. It requires $4 profit per ticket. What is its markup on cost as a percentage?

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter12: Sequences, Series And Binomial Theorem

Section12.3: Geometric Sequences And Series

Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...

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4. A theatre wants to establish an easy way to
calculate its ticket prices. It has determined
that the cost of a ticket is $10.00, with
expenses of 50% of cost. It requires $4 profit
per ticket. What is its markup on cost as a
percentage?

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