Astadium 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 stadium's current profit margin?

Profit margin is calculated as- Profit margin = Net profit / Revenue Net profit= Revenue- Cost Revenue = $16.25 million Cost = $13.5 million + $2.7 million Net profit = 16.25 million - (13.5 million + 2.7 million) Net profit = $0.05 million Profit margin = 0.05 / 16.25 Profit margin = 0.003077 or 0.3077%