If an arena hosts a concert for the same artist two years in a row and earns $1,500,000 in revenue during year one and $975,000

Question

3 years ago

5

during year two, what is the percentage decrease in profit?

1 answer:

user100 [1] · Answer 1 · 2022-04-22T20:19:21+03:00

The percentage decrease is 35%.

Step-by-step explanation:

Given,

Revenue generated in first year = Old value = $1,500,000

Revenue generated in second year = New value = $975,000

Change = New value - Old value

Change = 975000 - 1500000= -$525000

The negative sign indicates the decrease.

Percent decrease = $\frac{Change}{Old\ value}*100$

Percent decrease = $\frac{525000}{1500000}*100\\$

$Percent\ decrease=\frac{52500000}{1500000}\\\\Percent\ decrease = 35\%$

The percentage decrease is 35%.

Keywords: percentage, subtraction

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