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 = ![12 \times 1700](https://tex.z-dn.net/?f=12%20%5Ctimes%201700)
An arena receives for 12 events = 20400
The costs for this sponsorship total $14,000
Profit = 20400-14000
Profit =6400
Profit margin =![\frac{6400}{20400} \times 100](https://tex.z-dn.net/?f=%5Cfrac%7B6400%7D%7B20400%7D%20%5Ctimes%20100)
Profit margin = ![31.3725\%](https://tex.z-dn.net/?f=31.3725%5C%25)
Hence the profit margin for the concert sponsorship is 31.3725 %
Answer:
okay can you tell me if the first -3x and second 24x are multiply or are just letters and I than I will post the answer
Answer:
$5
Step-by-step explanation:
48/12=4
1.25x4=5
Or you could set it up as a proportion
12/1.25=48/x