BACHELOR OF BUSINESS ADMINISTRATION

Previous
Next

BUSINESS ADMINISTRATION

BUSINESS MATHEMATICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
You are buying concert tickets that originally cost $237.00 before fees. There are two fees of 11% and 3.5% that are applied to your ticket cost. Which equation below represents the amount of fees you will pay on these tickets?
A
Fees = $237.00 * .145
B
Fees = $237.00 * .075
C
Fees = $237.00 * 1.145
D
Fees = $237.00 * .11 * .035
Explanation: 

Detailed explanation-1: -Average ticket is a metric that provides details on the average amount spent per customer per visit. Statistically, the average ticket is computed as the mean of your sales per visit and is calculated by adding total sales over a specified period and dividing by the number of visits with purchases.

Detailed explanation-2: -The BTS India Concert 2022 Ticket Price Our sources tell us that BTS’s India tour in 2023 will go up in July or August. Online tickets for the BTS India concert in 2022 cost anywhere from Rs 1, 000 to Rs 50, 000. Fans have access to several different internet venues to purchase tickets.

Detailed explanation-3: -Demand Schedule for Tickets As price rises, the quantity demanded falls. The demand schedule for tickets is plotted to yield the corresponding demand curve, which shows how much of a good consumers want to buy at any given price.

There is 1 question to complete.
Previous
Next