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OverLord2011 [107]
2 years ago
9

An arena receives $1,700 per event for 12 concerts. If the costs for this sponsorship total $14,000, what is the profit margin f

or the concert sponsorship?
Mathematics
1 answer:
Jobisdone [24]2 years ago
6 0

Answer:

The profit margin for the concert sponsorship is 31.3725 %

Step-by-step explanation:

An arena receives for 1 event = $1700

An arena receives for 12 events = 12 \times 1700

An arena receives for 12 events = 20400

The costs for this sponsorship total $14,000

Profit = 20400-14000

Profit =6400

Profit margin =\frac{6400}{20400} \times 100

Profit margin = 31.3725\%

Hence the profit margin for the concert sponsorship is 31.3725 %

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