Question

Ten major recording acts are able to play at the stadium. If the average profit margin for a concert is $175,000, how much would the stadium clear for all of these events combined?

Answer 1

$1,750,000

Explanation:

Average profit from all ten events = $175,000

Total number of events = 10

Total profit from all ten events =

(Average profit from all ten events) x ( Total number of events)

`$175,000 x 10\\= 1, 750,000\\`

The answer = $1,750,000

Answer 2

Answer: Total amount the stadium would clear for all of these events combined is $1750000

Explanation:

Since we have given that

Number of major recording acts are able to play at the stadium = 10

Average profit margin for a concert = $175000

We need to find the amount that the stadium clear for all of these events combined

As we know the formula for "Average"

`Average=\frac{\text{ Total sum}}{\text{ Number of recording acts }}\\\\175000=\frac{\text{total sum}}{10}\\\\175000* 10=Total\ sum\\\\\$1750000=Total\ sum`

Hence, total amount the stadium would clear for all of these events combined is $1750000.