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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