Response: $1,110.
Explanation:
Data Provided: Revenue from concession stand sales on game day = $5,550
That is to say, Gross income = $5,550
Event profit = $3,330
Thus, Net income = $3,330
Using the Net income formula:
Gross income - expenses = Net income
Therefore, Expenses = Gross income - Net income
Thus, Expenses = $5,550 - $3,330
Thus, Expenses total $1,110.