A venue plans to host trucking events regularly throughout the year. The expected revenue from each event is $100,000. The cost for hosting

Question

A venue plans to host trucking events regularly throughout the year. The expected revenue from each event is $100,000. The cost for hosting this type of event is $50,000 per event. If the venue wants to make a total profit margin of $2,350,000, how many events does the venue have to host throughout the year?

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Maya 2 weeks 2021-09-11T06:00:41+00:00 1 Answer 0

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    2021-09-11T06:01:46+00:00

    Answer:

    The venue has to host 47 events throughout the year

    Step-by-step explanation:

    Profit:

    Profit is revenue subtracted by costs.

    Per event:

    $100,000 revenue

    $50,000 costs

    $100,000 – $50,000 = $50,000 profit.

    If the venue wants to make a total profit margin of $2,350,000, how many events does the venue have to host throughout the year?

    1 event – $50,000 profit.

    x events – $2,350,000 profit.

    50000x = 2350000

    x = \frac{2350000}{50000}

    x = 47

    The venue has to host 47 events throughout the year

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45:7+7-4:2-5:5*4+35:2 =? ( )