Question

Ten major recording acts are able to play at the stadium. If the average profit margin for a concert is $175,000, how much would the stadium clear for all of these events combined?

Answer 1

Answer: Total amount the stadium would clear for all of these events combined is $1750000

Step-by-step explanation:

Since we have given that

Number of major recording acts are able to play at the stadium = 10

Average profit margin for a concert = $175000

We need to find the amount that the stadium clear for all of these events combined

As we know the formula for "Average"

$Average=\frac{\text{ Total sum}}{\text{ Number of recording acts }}\\\\175000=\frac{\text{total sum}}{10}\\\\175000\times 10=Total\ sum\\\\\ 1750000=Total\ sum$

Hence, total amount the stadium would clear for all of these events combined is $1750000.

Answer 2

Answer:

$1,750,000

Step-by-step explanation:

Average profit from all ten events = $175,000

Total number of events = 10

Total profit from all ten events =

(Average profit from all ten events) x ( Total number of events)

$175,000 x 10\\= 1, 750,000$

The answer = $1,750,000