A stadium charges $15 to park in the stadium parking lot, and $10 to park in the satellite lot. If the stadium wants to make $300,000 in parking revenue and the stadium parking lot is full already with 12,000 cars, how many fans would have to park in satellite lots to make the revenue goal?

Question

Neil Dunlap

Business

29 June, 17:40

A stadium charges $15 to park in the stadium parking lot, and $10 to park in the satellite lot. If the stadium wants to make $300,000 in parking revenue and the stadium parking lot is full already with 12,000 cars, how many fans would have to park in satellite lots to make the revenue goal?

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Answers (1)

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Roman Simon · Answer 1

12,000

Explanation:

The aggregate amount of revenue of the stadium is $300,000 from which they have $180,000 from the stadium parking lot which has 12,000 cars inside it. So, it is $12,000 * $15 is equal to $180,000.

So, remaining will be

= $300,000 - $180,000

= $120,000

This amount needed for attaining the revenue.

So, from satellite, they revenue of $120,000. So, the number required to make it this amount is computed as:

= $120,000 / Rate of parking

= $120,000 / $10

= 12,000