Question

Juans Tacos invested 575 for supplies to sell at a soccer game. His total receipts for the venue was 1,300. What was his profit margain for this event?

Answer 1

Answer: 725

Explanation: 1300-575= 725

Answer 2

Given :

Juan's Investment money = $575$

Total receipts  cost=  $1300$

To find

Profit margin of the event = ?

Solution  

Profit gained by the Juans

$total\ cost \ of \ receipts\ - investment\ cost$

$=1300-\ 575\\=725$

Now the margin of the profit  is determined by the the amount through which the income invested is greater than its original amount.

Therefore profit margin =

$\frac{Profit \ \ earned }{ Total \ investment } * 100$

$\frac{725}{1300} * 100$

$=\ 55.77$

So, profit margin was 55.77%.