Answer:
5 weeks
Step-by-step explanation:
We are told that the auditorium holds an average of 1000 people each.
And that she charges $40 each.
Thus;
Total income for each speech is;
1000 × 40 = $40000
Since she gives an average of 10 presentations each week.
Total income per week = 10 × 40000 = $400,000
Now,the expenses she makes for each speech weekly is;
Renting auditorium = $15000
Motel, jet expenses, support personnel = $75000
Thus,
Total expenses per week = 15000 + 75000 = $90000
Now, total profit per week is;
P_weekly = Total income per week - Total expenses per week
P_weekly = $400000 - $90000
P_weekly = $310000
There are 52 weeks in a year, thus, profit in a year is;
P_yearly = 52 × 310000 = $16120000
Now, we want to find out how long it took her to make $1,400,000 a year.
We know that;
$16120000 was achieved in 52 weeks
Thus;$1,400,000 will be achieved in;
(1400000 × 52)/16120000 = 4.52 weeks approximately 5 weeks.
= 68%