Astadium manager has signed five acts this year with a combined revenue projection of $1,000,050. the cost for these is expected to average $85,000 per act. how much profit margin does the stadium expect this last year?

Profit margin= $575,050

Step-by-step explanation:

Given : The cost is expected per act = $85,000

Total revenue projection of 5 acts = $1,000,050

To find : The profit margin does the stadium expect

Solution : Cost of 1 act in the stadium = $85,000

                Cost of 5 act in the stadium =$ 5×85,000

                                                               =$425,000 (Actual cost)

Profit = Total revenue - Actual cost  

Profit = $1,000,050 - $425,000

Profit= $575,050

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