Answer:
The venue has to host 47 events throughout the year
Step-by-step explanation:
Profit:
Profit is revenue subtracted by costs.
Per event:
$100,000 revenue
$50,000 costs
$100,000 - $50,000 = $50,000 profit.
If the venue wants to make a total profit margin of $2,350,000, how many events does the venue have to host throughout the year?
1 event - $50,000 profit.
x events - $2,350,000 profit.
The venue has to host 47 events throughout the year
<u><em>Answer:</em></u>
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<u><em>Explanation:</em></u>
<u>Before we begin, remember the following rules:</u>
<u>1- Distribution property:</u>
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<u>2- Simplification of fractions:</u>
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<u>3- Signs in multiplication:</u>
+ve * +ve = +ve
-ve * -ve = +ve
+ve * -ve = -ve
<u>Now, for the given problem, we have:</u>
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<u>Starting with the distributive property:</u>
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..................>This corresponds to option 1
<u>Now, we simplify the output from the above step:</u>
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................> This corresponds to option 5
Hope this helps :)