Question

Wyco sponsors all of the music events at Memorial Stadium. In return the stadium receives $10,000 per event. If the stadium hosts 16 concerts during the year, how much revenue does it receive from Wyco?

Answer 1

Answer: $160,000 in revenue for Memorial stadium

Explanation:

Every time there is an event, wyco gives 10,000 dollars to stadium. Since there was 16 events for that year and there isnt any expense, 10,000 dollars multiply 16 events equals to 160,000 dollars for revenue.

Tip: revenue is different from profit