Question

If it costs $55,000 to put on a magic show for two weeks and the estimated revenue is $15,000 per night for 14 nights, what will the stadiums profit be?

Answer 1

Revenue in 2 weeks = $15000*14=210000$
Profit = Revenue - Cost = $210000-55000=155000$

Answer 2

Answer:

The profit of the stadium was $155,000.

Step-by-step explanation:

we know that,

$\text{Profit}=\text{Revenue}-\text{Cost}$

The cost of the magic show for two weeks is given as $55,000

The revenue is estimated as $15,000 per night. As the show continued for 2 weeks or 14 nights, so the total revenue is,

$=15000\times 14=\ 210,000$

Putting the values in the formula,

$\text{Profit}=210,000-55,000=\ 155,000$