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Originally 21 acts were tentatively to perform at the arena ; only 10 have been booked. What is the shortfall if the other acts do not perform, assuming an average profit margin of 175000 for each concert

Respuesta :

find the number of acts not booked = 21 - 10 = 11

multiply by the profit for each act 11 * 175000 = $1,925,000 shortfall

Answer:

The shortfall was of $19,25,000.

Step-by-step explanation:

Originally 21 acts were tentatively to perform at the arena.

Only 10 have been booked.

Means [tex]21-10=11[/tex] acts were not booked.

Lets say the average profit margin of each concert is = $175000

So, 11 acts would have earned a profit of = [tex]11\times175000=1925000[/tex] dollars

So, the shortfall was of $19,25,000.