Question

The number of visitors to Wankhede stadium increased by 30% during IPL. The price of ticket per match also increased by 20% then find the percentage of increase in revenue collection is: 
1. 56% 
2. 60% 
3. 44%
4. 50% 
5. None of these 

Answer 1

Correct Answer - Option 1 : 56% 

Given 

Increased the no. of visitors = 30% 

Price of ticket increased by = 20% 

Formula used 

Successive Percentage = {x + y + (x × y)/100}

Calculation 

Increased in the revenue = {30 + 20 + (20 × 30)/100}

⇒ 56% 

∴ The increased in the revenue collection is 56%