Question

A stadium has fixed expenses of $20,000 per event. Last month it put on three big events and spent $50,000, $35,000, and 40,000 in advertising for them respectively. These events ended up earning a total of $500,000 in revenue. What was the stadium's profit margin last month?

Answer 1

315,000

Explanation:

(50,000+20,000)+(35,000+20,000)+(40,000+20,000)=185,000

500,000-185,000=315,000