Answer:
The profit margin for the concert sponsorship is 31.3725 %
Step-by-step explanation:
An arena receives for 1 event = $1700
An arena receives for 12 events =
An arena receives for 12 events = 20400
The costs for this sponsorship total $14,000
Profit = 20400-14000
Profit =6400
Profit margin =
Profit margin =
Hence the profit margin for the concert sponsorship is 31.3725 %
Answer:
what is this? need some explanations
It’s really blurry, I can’t help :(