The entry ticket at a fun park was increased in the ratio 7 9 due to which footfalls fell in the rat...........

Quantitative Aptitude (CGL) Profit and loss

The entry ticket at a fun park was increased in the ratio 7 : 9, due to which footfalls fell in the ratio 13 : 11. What is the new daily collection (in Rs), if the daily collection before the price hike was Rs 2,27,500?

237500

247500

232500

242500

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Explanation:

Since Daily collection = (Price of one ticket) × (Footfall per day)
∴ Ratio of daily collection before and after change = (7 × 13) : (9 × 11) = 91 : 99
Since the daily collection before price hike was Rs. 227500;
∴ New daily collection = 227500 × 99/91 = Rs. 247500