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Irina-Kira [14]
3 years ago
11

A stadium charges $15 to park in the stadium parking lot, and $10 to park in the satellite lot. If the stadium wants to make $30

0,000 in parking revenue and the stadium parking lot is full already with 12,000 cars, how many fans would have to park in satellite lots to make the revenue goal?
Business
1 answer:
Lady bird [3.3K]3 years ago
5 0

Answer:

12,000

Explanation:

The aggregate amount of revenue of the stadium is $300,000 from which they have $180,000 from the stadium parking lot which has 12,000 cars inside it. So, it is $12,000 × $15 is equal to $180,000.

So, remaining will be

= $300,000 - $180,000

= $120,000

This amount needed for attaining the revenue.

So, from satellite, they revenue of $120,000. So, the number required to make it this amount is computed as:

= $120,000 / Rate of parking

= $120,000 / $10

= 12,000

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Dividend is the proportion of profit paid by a company to its shareholder as a form of return on their investment. Another form of return on share investment is the capital gain; which is the difference between the selling price of a share now and its cost when it was purchased.

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