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
1 answer:
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 =
An arena receives for 12 events = 20400
The costs for this sponsorship total $14,000
Profit = 20400-14000
Profit =6400
Profit margin =
Profit margin =
Hence the profit margin for the concert sponsorship is 31.3725 %
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You have not provided the options, therefore, I cannot give you an exact answer.
However, I will try to help you with the concept.
<u>First, we need to make all units the same in the problem. I will convert all units to ml.</u>
We have:
amount of bleach = 15 ml
amount of water = 3.75 liters = 3.75 * 1000 = 3750 ml
<u>Now, we will get the ratio between bleach and water:</u>
<u>This ratio is fixed, therefore, to get the right choice:</u>
1- make all units the same
2- for each option, divide the amount of bleach by the amount of water.
The correct choice would be the one giving you
Hope this helps :)
However, I will try to help you with the concept.
<u>First, we need to make all units the same in the problem. I will convert all units to ml.</u>
We have:
amount of bleach = 15 ml
amount of water = 3.75 liters = 3.75 * 1000 = 3750 ml
<u>Now, we will get the ratio between bleach and water:</u>
<u>This ratio is fixed, therefore, to get the right choice:</u>
1- make all units the same
2- for each option, divide the amount of bleach by the amount of water.
The correct choice would be the one giving you
Hope this helps :)