If a stadium pays 15,000 for labor and 12,000 for parking, what is the stadiums profit margin if the game generates $145,952 in revenue?

Given:

Revenue =$145,952

Since no discounts or returns are indicated in the problem we will assume that revenue is equal to net sales.

Expenses, = 15,000+12,000=27,000

The profit margin ratio formula can be calculated by dividing net income by net sales.

 Net income equals total revenues minus total expenses.

Net Income=145,952-27,000= 118,952

So Profit Margin is:

118,952/145952

.815 or 81.5%

2 over 5

step-by-step explanation:

the 2: 3 ratio is the length of the ac segment to the cb segment total length. this implies that the ratio between segment ac length and segment ab length is 2: 5. point c is 2/5 from a to b, so the required fraction is 2/5.