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26 February, 17:08

If a stadium pays 15,000 for labor and 12,000 for parking, what is the stadiums profit margin if the game generates $145,952 in revenue?

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  1. 26 February, 17:26
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    Given:

    Revenue = $145,952

    Since no discounts or returns are indicated in the problem we will assume that revenue is equal to net sales.

    Expenses, = 15,000+12,000=27,000

    The profit margin ratio formula can be calculated by dividing net income by net sales.

    Net income equals total revenues minus total expenses.

    Net Income=145,952-27,000 = 118,952

    So Profit Margin is:

    118,952/145952

    .815 or 81.5%
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