Ten major recording acts are able to play at the stadium. If the average profit margin for a concert is $175,000, how much would the stadium clear for all of these events combined?
Accepted Solution
A:
Answer: Total amount the stadium would clear for all of these events combined is $1750000Step-by-step explanation:Since we have given thatNumber of major recording acts are able to play at the stadium = 10Average profit margin for a concert = $175000We need to find the amount that the stadium clear for all of these events combined As we know the formula for "Average"[tex]Average=\frac{\text{ Total sum}}{\text{ Number of recording acts }}\\\\175000=\frac{\text{total sum}}{10}\\\\175000\times 10=Total\ sum\\\\\$1750000=Total\ sum[/tex]Hence, total amount the stadium would clear for all of these events combined is $1750000.