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olga nikolaevna [1]

2 years ago

13

Juan's Tacos invested $575 for supplies to sell at a soccer game. His total receipts for the venue was $1,300. What was his prof

it margin for the event?

2 answers:

bezimeni [28]2 years ago

5 0

Profit =Selling price- cost price

It is given Juan's Tacos invested $575 for supplies to sell at a soccer game.

His investment = $575 .

His Total receipts =$1300.

Juan's profit margin = Juan's investment - Juan's receipts for the venue.

Juan's profit =1300-575

Juan's profit = 725.

Juan's profit margin for the event =$725.

Rasek [7]2 years ago

3 0

Juan's Investment for the event was = $575

His total receipts for the venue was = $1300

Hence, profit earned by Juan = $1300-575=725$

Profit margin is defined as the amount by which the revenue invested exceeds its original amount(invested).

And, profit margin was = $\frac{725}{1300}*100 =55.77$

So, profit margin was 55.77%.

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