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aivan3
8 days ago
5

An arena receives $1,000 per event for 16 concerts. If the administrative costs for this sponsorship total $12,000, what is the

profit margin for the concert sponsorship?
Business
2 answers:
Free_Kalibri [3.4K]8 days ago
6 0
1,000 times 16
16,000-12,000=4,000
Scilla [3.5K]8 days ago
3 0

ANSWER: $4000

EXPLANATION: The arena earns $1000 for each event. Over 16 concerts, the total income is $1,000 x 16 = $16,000.

However, the total administrative expenses amount to $12,000.

Thus, the profit margin for the concert sponsorship is calculated as $16,000 - $12,000 = $4,000

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