1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
SSSSS [86.1K]
4 years ago
7

A concert venue wants to project profit from sales of souvenirs at the upcoming weekend concert. Based on past data, 65% of patr

ons will buy at least one souvenir. The attendance of the event is expected to be 14,600 patrons. If the venue typical earns $20 from the sale of each souvenir and the company donates 30% of its proceeds to local charities, what is its expected amount the company earns as profit? incorrect option. Answer explanation has been updated Check answer button removed A. A $9,490
Mathematics
2 answers:
Ivan4 years ago
5 0

Answer:

$132,860

Step-by-step explanation:

According to the question,A concert venue wants to project profit from sales of souvenirs at the upcoming weekend concert. Based on past data, 65% of patrons will buy at least one souvenir. The attendance of the event is expected to be 14,600 patrons. If the venue typical earns $20 from the sale of each souvenir and the company donates 30% of its proceeds to local charities and we are now told to calculate the expected amount the company earns as profit

If 14,600 patrons are expected to make it to the event and 65% of them are expected to purchase at least one souvenir,that is mathematically represented as

65/100 × 14600

= 9490 patrons are expected to make at least one purchase of the souvenir.

And if each souvenir costs $20 and the total amount of souvenirs purchased is 9490 more or less,then total amount of money received for the souvenirs sold is

9490 × 20 = $189,800

If 30% of the money received from the sales is to be donated to the local charities,the amount of money left with them will be

30/100 × 189,800

= $56,940(amount of money donated to the charity)

Their profit will then be

189,800 - 56,940

=$132,860

satela [25.4K]4 years ago
4 0

Answer:

$132,860

Step-by-step explanation:

The attendance of the event is expected to be 14,600 patrons.

Based on past data, 65% of patrons will buy at least one souvenir.

Therefore at least:

0.65 X 14600 =9490 patrons will buy at least one souvenir.

Each Sourvenir costs $20

Total Least Expected Income = 9490 X $20 =$189,800

Since the company donates 30% to local charities,

Expected Profit= $189,800 - (30% of $189,800)

= $189,800-56940

=$132,860

You might be interested in
Mr garcia is at Dunkin' Donuts .he has 17.50 in his pocket , and he buys an sandwich for $2.50 and 5 coffees ,using cash . Write
nirvana33 [79]

Answer:

He can buy 4 coffees

Step-by-step explanation:

7 0
3 years ago
Find the 7th term 18,6,2…
Veseljchak [2.6K]

If we look at the series, one third of the current term gives the numerical value of the next term.

If we need to express it algebraically, we can write the following equation.

  • a_{n+1}=\frac{a_{n}}{3}

Therefore, our common multiplier can be found as follows. Because this sequence is a geometric sequence.

  • \frac{a_{n+1}}{a_{n}} =r=\frac{1}{3}

In geometric sequences, any term can be written in terms of the first term. Below is an example.

  • a_{n}=a_{1}.r^{n-1}

Since we know the numerical values of the first term and the common factor of the series, we can easily find the seventh term.

  • a_{7}=a_{1}.r^{7-1}
  • a_{7}=18.(\frac{1}{3} )^6
  • a_{7}=\frac{2}{81}

6 0
1 year ago
How do you find the circumference of a circle when your given the height?
cupoosta [38]

The length will equal the height since its the same 360

7 0
3 years ago
Helpppppppppppppppppppppp
kicyunya [14]

Answer:

25

Step-by-step explanation:

(2x+2)+(3+5x)= 180 ( straight angle )

2x+5x+2+5 =180

7x+7= 180

7×= 173

x= 25°

I hope that was helpful

5 0
3 years ago
How do I solve X+5=54
WINSTONCH [101]

Answer:

x=49

Step-by-step explanation:

Make x the only variable on the left by subtracting the 5 over.

this leaves you with x=54-5

this is equal to 49

7 0
3 years ago
Read 2 more answers
Other questions:
  • Solve this quadratic equation. Show all work. <br><br><br> 4x^2-2x-5=0
    12·1 answer
  • Help I'm stuck !!!!!!!!!
    11·2 answers
  • The sun of 3 times a number and 5 is 2 times the number plus 15. what is half the number
    7·1 answer
  • Factor each expression.<br><br> Problem: g^2 - 9<br> Answer: (g + 3) (g - 3)
    14·1 answer
  • 5-2x=15<br><img src="https://tex.z-dn.net/?f=5%20-%202x%20%3D%2015" id="TexFormula1" title="5 - 2x = 15" alt="5 - 2x = 15" align
    7·1 answer
  • Ann had 75 fliers to post around town. Last week, she posted 25 of them. This week, she posted 15 of the remaining fliers. How m
    6·2 answers
  • Ria was given $42.30 to babysit for 2.5 hours. How much did she get for one hour?
    7·1 answer
  • What is 2 times as much as 3?
    11·1 answer
  • How do I evaluate 2/ab + 3/a^2b^2 =
    13·1 answer
  • you are given a fraction in the simplest form. The numerator is not zero. When you write the fraction as a decimal, it is a repe
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!