Ticket prices 1. According to the team marketing report quoted by Dallas Average

Question

Ticket prices 1. According to the team marketing report quoted by Dallas Average ticket prices charged for NFL gamos at the 30 home sites over the past two seasons: Morning News, the average ticket price was up 4.7 percent for last year, show how they obtained a 4.7 % increase. Further, is the 4.7 % increase accurate? If not, what should be the correct percentage increase? 1898 1997 $39.65 $39.65 $32.15 $31.49 $42.93 $37.44 $37.26 $35.58 $55.47 $55.47 Arlzona Atianta 2. $38. 18 $38.18 $37.77 $34.09 Dallas Detroit Green Bay $35.83 $35.83 $35.86 $35.43 $36.51 $36.51 Indianapolis, $34.15 $34.15 $56.71 $54.24 Kansas City41.9 $38.02 Miami $42.16 $42.16 33.05 $33.05 New England $39.45 $39.45 New Orleans 34.47 $30.64 $40.91 $40.91 $35.50 $30.50 NY Giants NY Jets Philadelphlia St. Louls San Diego $52.84 $52.84 37.59 $37.59 $35.76 $35.76 $33.98 $33.98 $53.87 $53.87 San Francisco $50.00 $4.00 $33.95 $32.65 Tempa Bay $64.58 $35.46 $45.11 $40.75 $74.28 $74.28 Seattle Washington NFL Average $2.88

Explanation / Answer

Avg ticket price last year was $ 40.93. This year $42.88

Raise in price = 42.88 - 40.93 = 1.95

Hence % increase = (1.95 / 40.93) x 100 = 4.764 ~ 4.7

The increase is correct

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