A region's average movie theater ticket price in 2007 was $6.31. For 2017, it was estimated to be $8.19. Find the
percent of increase in average movie theater ticket price for this 10-year period.



Answer :

If the price was $6.31 in 2007, $8.19 in 2007 then the average increase in price of ticket of theater is 2.98%.

Given that the price was $6.31 in 2007, $8.19 in 2007.

We are required to find the average percentage increase in the price of ticket of theater.

Percentage is basically the number or ratio that is expressed in terms of 100.

We have to first find the percentage increase in prices of tickets of theater.

Percentage increase=(Price in 2017-Price in 2007)/Price in 2007

=(8.19-6.31)/6.31 *100

=1.88/6.31 *100

=29.79%

Average percentage increase =29.79%/10

=2.979%

Hence if the price was $6.31 in 2007, $8.19 in 2007 then the average increase in price of ticket of theater is 2.98%.

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