A stadium brings in $16.25 million per year. It pays football-related expenses of $13.5 million and stadium expenses of $2.7 million per year. What is the stadium's current profit margin?
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# Answer=0.3077%
# Explanation-
Total revenue=16.25 million $
Total expenses=13.5+2.7=16.2 million $
Total profit is calculated by-
Total profit= total revenue-total expenses
Total profit=16.5-16.2
Total profit= 0.05 million $.
Profit margin is calculated by-
Profit margin = Total profit / Revenue × 100%
Profit margin = 0.05 / 16.25 × 100%
Profit margin = 0.3077%
Total profit margin of the stadium is 0.3077%.
Hope this helps...
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