Question

In a certain region the average movie theater ticket price in 2009 was $7.80 in 2008 it was $7.37 find the increase in average movie theater ticket price from 2008 to 2009. The increase in average movie theater ticket price from 2008 to 2009 was? (simplify your answer. type a whole number or a decimal.)

Answer 1

In order to find the average increase in the price, we need to divide the difference in the price by the difference of time.

The price changed from $7.37 to 7.80, and the time changed from 2008 to 2009, so we have:

$\text{average increase}=\frac{7.80-7.37}{2009-2008}=\frac{0.43}{1}=0.43$

So the average increase in the price was $0.43.