The stadium's profit as a percentage of its revenue is; 75.5%.
According to the question;
- The stadiums revenue is $772,000
- And its costs are $189,000
In essence, the stadiums profit is the difference between its revenue and costs and is given mathematically as;
- Profit = $772,000 - $189,000
However, we are required to express the stadium's profit as a percentage of its revenue.
Therefore;
- % Profit = ($583,000)/($772,000) × 100%
% Profit = 75.5%
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