Correct Answer - Option 2 : Rs. 495000
Given:
The entry ticket at a fun park was increased in the ratio 7 ∶ 9, due to which footfalls fell in the ratio 13 ∶ 11.
Formula used:
Revenue = number of tickets × price of 1 ticket
Calculations:
The ratio of collection before the price hike to after the price hike = (7 × 13) ∶ (9 × 11) = 91 ∶ 99
Let the collection before the price hike and after the price hike be 91x and 99x.
According to the question
⇒ 91x = 455000
⇒ x = 5000
The collection after price hike = 99 × 5000 = Rs. 495000
∴ The collection after price hike is Rs. 495000.