Question

A stadium has two sponsorship deals. Deal A had revenue of $100,000 and expense of $10,000. Deal B has revenue of $50,000 and expenses of $20,000. What is the stadium's average profit as a percentage of revenue on these two deals?

Answer 1

Answer:

80%

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Answer 2

Answer:

Deal A) 90% Profit ; Deal B) 60% Profit

Step-by-step explanation:

Multiple ways of solving this problem here is one way:

100k-10k = 90k(Revenue) : Then you make this as a percent by 100k then multiply it by 100.

100*((100,000-10,000)/100,000) = 90%

The same is true for the other equation:

100*((50,000-20,000)/50,000) = 60%