Question

A ticket reseller purchases a ticket to a football game for $40 and offers it for sale at a price of $75. A consumer is willing to pay $90 at most for the ticket, and purchases it at $75. What does the $50 difference (between $40 and $90) represent?

Answer 1

Answer:

Black marketing or profit for the reseller

Explanation:

Because reseller has invested his money in ticket and he doesn't want to go in loss so he make a price to the buyer for his profit