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If a stadium's revenue is $772,000 and its costs are $189,000, what is the stadium's profit as a percentage of its revenue?

Sagot :

adioabiola

The stadium's profit as a percentage of its revenue is; 75.5%.

According to the question;

  • The stadiums revenue is $772,000

  • And its costs are $189,000

In essence, the stadiums profit is the difference between its revenue and costs and is given mathematically as;

  • Profit = $772,000 - $189,000

  • Profit = $583,000

However, we are required to express the stadium's profit as a percentage of its revenue.

Therefore;

  • % Profit = ($583,000)/($772,000) × 100%

% Profit = 75.5%

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