The stadium has fixed expenses of $10,000 per event. last month it put on three major events and spent $72,000, $47,500, and $65,000 in advertising for them respectively. according to the accountant, these events earned a total of $482,000 in revenue. what was the stadium's profit margin last month?

 Stadium's profit margin last month was $267500.

Step-by-step explanation:

Since we have given that

Fixed expenses of the stadium per event =$10000

Number of events = 3

Total fixed expenses of the stadium will be

Amount they spent on advertising on first event = $72000

Amount they spent on advertising on second event = $ 47500

Amount they spent on advertising on third event = $65000

So, total amount they spent on advertising on all these three events will be

And we have also given that total revenue they earned = $482000

So, Stadium's profit margin last month will be

Hence, Stadium's profit margin last month was $267500.

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step-by-step explanation:

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