Question

A stadium brings in 16.25 million per year. It pays football related expenses of 13.5 million and stadium expenses of 2.7 million per year. What is the stadiums current profit? a) $0 b) $25,000 c) $50,000 d) $100,000

Answer 1

Option C) $50,000

Explanation:

We are given the following in the question:

Earning of stadium = 16.25 million per year.

Football expense = 13.5 million per year

Stadium expenses = 2.7 million per year

Profit earned by stadium =

Earning of stadium - Football expenses - Stadium expenses

`=16.5-13.5-2.7\\=0.05\text{ millions }\\=0.05* 10^6\\=50,000\text{ Dollars per year}`

Thus, the correct answer is

Option C) $50,000