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Today's question of the day is from the pre-algebra category. Click on an answer choice and then click on 'submit answer' to see if you got it right!

A theater that seats 300 people can sell out if it charges $10 per seat. The theater manager decides to raise ticket prices by $5 per seat, and finds that he can now sell only 80% of the tickets. By what percentage will revenue from ticket sales increase if he continues to charge the higher price for tickets and the theater is always 80% filled?

  Answer A   10%
Answer B 12%
Answer C 15%
Answer D 16%
Answer E 20%

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