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A venue plans to host trucking events regularly throughout the year. The expected revenue from each event is $100,000. The cost for hosting this type of event is $50,000 per event. If the venue wants to make a total profit margin of $2,350,000, how many events does the venue have to host throughout the year?

User Leemicw
by
6.3k points

1 Answer

7 votes

Answer:

The venue has to host 47 events throughout the year

Explanation:

Profit:

Profit is revenue subtracted by costs.

Per event:

$100,000 revenue

$50,000 costs

$100,000 - $50,000 = $50,000 profit.

If the venue wants to make a total profit margin of $2,350,000, how many events does the venue have to host throughout the year?

1 event - $50,000 profit.

x events - $2,350,000 profit.


50000x = 2350000


x = (2350000)/(50000)


x = 47

The venue has to host 47 events throughout the year

User Kencorbin
by
7.0k points
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