Question

On Thursday a theme park sells 627 tickets. Each ticket costs

£54.99. The park has costs of £18,273 on Thursday. What is the
percentage profit that the theme park make on Thursday?

Answer 1

Answer: The theme park made a 46.8% profit on Thursday.

Explanation:

Step 1: First, we need to calculate the total revenue from ticket sales:

627 tickets x £54.99 = £34,341.73

Step 2: Subtract the costs from the total revenue:

£34,341.73 - £18,273 = £16,068.73

Step 3: Calculate the percentage profit:

£16,068.73 / £34,341.73 x 100 = 46.8%

The theme park made a 46.8% profit on Thursday.