Question

If the stadium made $2,150,000 last year for sports events but only made $1,650,000 this year, what is the percentage decrease in profit?
a)0 percent
b)23 percent
c)35 percent
d)50 percent

Answer 1

B) the stadium's profit decreased by 23% percent

Answer 2

Answer

The decrearse in profit be 23% .

Option (b) is correct .

Explanation :

Formula

$Decrease\ in\ profit = \frac{Change\ in\ value\times 100}{Initial\ value}$

Change in value = Final value - initial value

As given

If the stadium made $2,150,000 last year for sports events but only made $1,650,000 this year .

Here

Final value = $1650000

Intial value = $ 2150000

Change in value =  $1650000 - $ 2150000

                           = - $ 500000

(This negative sign shows the decrease thus neglected .)

Change in value = $ 500000      

Putting the values in the formula

$Decrease\ in\ profit = \frac{500000\times 100}{2150000}$

$Decrease\ in\ profit = \frac{50000000}{2150000}$

                                       = 23% (Approx)

Therefore the decrearse in profit be 23% .

Option (b) is correct .