An arena receives $1,700 per event for 12 concerts. If the costs for this sponsorship total $14,000, what is the profit margin for the concert sponsorship?

total profit margin for all 12 concert is $6,400.

profit margin for all one concert is $533.33

Step-by-step explanation:

Amount of money received for one event = $1700

Total no of concert = 12

Total money received for 12 event = Amount of money received for one event * Total no of concert

Total money received for 12 event = $1700 * 12 = $20,400

Total cost of sponsorship = $14,000

Profit margin is the difference money invested and money earned.

here total investment is $14,000

Total money earned is $20,400

Therefore profit margin = money earned - total investment

= $20,400 - $14,000 = $6,400

Therefore total profit margin for all 12 concert is $6,400.

However to calculate profit margin for one concert we can simply divide the total profit margin for all 12 concert by no of concert (i. e 12)

profit margin for one concert = total profit margin for all 12 concert/total no of concert = $6,400/12 = $533.33

profit margin for all one concert is $533.33