An insurance company contract with artists to exhibit their works to the public. AOTI has agreed to pay as well known artist a 20,000 $ commission for the right to exhibit his work for one month.
AOTI pays an artist a $20,000 commission to display the artist's works. it sells 4,000 tickets at $6 each. assume that attendance is 10 percent more .and 10 percent less.calculate the percentage change in revenue and net income if the attendance increase or decreases 10 percents.