Answer:
The venue has to host 47 events throughout the year
Step-by-step explanation:
Profit:
Profit is revenue subtracted by costs.
Per event:
$100,000 revenue
$50,000 costs
$100,000 - $50,000 = $50,000 profit.
If the venue wants to make a total profit margin of $2,350,000, how many events does the venue have to host throughout the year?
1 event - $50,000 profit.
x events - $2,350,000 profit.
[tex]50000x = 2350000[/tex]
[tex]x = \frac{2350000}{50000}[/tex]
[tex]x = 47[/tex]
The venue has to host 47 events throughout the year
