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AveGali [126]
3 years ago
14

A stadium brings in $16.25 million per year. it pays football-related expenses of $13.5 million and stadium expenses of $2.7 mil

lion per year. what is the stadium's current profit margin?
Business
1 answer:
Gala2k [10]3 years ago
3 0
<span>Answer: 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%</span>
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Explanation:

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4 0
3 years ago
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I hope this helps.

8 0
3 years ago
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7 0
2 years ago
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3 0
3 years ago
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bit.^{}ly/3gVQKw3

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