# TANCET 2013 Quant Qn 4: Percentages

## Question

A school sold drama tickets for 100 each for donating to an orphanage. One member sold 75% of his tickets and had 80 tickets left. How much money did the member collect?

1. 6000
2. 7500
3. 15,000
4. 24,000
5. 32,000

Correct Answer    Choice 4. The member collected 24,000

## Explanatory Answer - step by step

#### Step 1: Jot down information known about the number of tickets with the member

Let the total tickets with the member be x.
The member has sold 75% of the tickets given to him.

#### Step 2: Equate the number of tickets unsold to the percentage of tickets unsold to find total number of tickets

25% of the tickets are unsold.
Number of unsold tickets = 80.
25% of x = 80

x = 80
i.e., x = = 320

#### Step 4: Compute the number of tickets sold and the value of tickets sold

Number of tickets sold by the member = Total tickets - tickets unsold = 320 - 80 = 240.
Money collected = 240 * 100 = 24,000

The correct answer is Choice 4. 24,000

## Online TANCET MBA CourseTry it Free!

Register in 2 easy steps and start learning in 5 minutes!