Question

Ticket Pricing Math Quiz

QUESTION 2 of 10: If it costs $75,000 to put on an event and total revenue is $135,000, what is the profit as a percentage of revenue? (Round
to the nearest percent.)
a) 22%

Answer 1

Rounded to the nearest percent, the profit as a percentage of revenue is approximately 44%.

Explanation:

To find the profit as a percentage of revenue, we can use the following formula:

Profit percentage = (Profit / Revenue) * 100

First, let's calculate the profit by subtracting the cost from the revenue:

Profit = Revenue - Cost

Profit = $135,000 - $75,000

Profit = $60,000

Now, we can calculate the profit percentage:

Profit percentage = (Profit / Revenue) * 100

Profit percentage = ($60,000 / $135,000) * 100

Profit percentage ≈ 44.44%