Question

Juan's Tacos invested $575 for supplies to sell at a soccer game. His total receipts for the venue was $1,300. What was his profit margin for the event?

Answer 1

Juan's Investment for the event was = $575

His total receipts for the venue was = $1300

Hence, profit earned by Juan =
`1300-575=725`

Profit margin is defined as the amount by which the revenue invested exceeds its original amount(invested).

And, profit margin was =
`(725)/(1300)*100 =55.77`

So, profit margin was 55.77%.

Answer 2

Profit =Selling price- cost price

It is given Juan's Tacos invested $575 for supplies to sell at a soccer game.

His investment = $575 .

His Total receipts =$1300.

Juan's profit margin = Juan's investment - Juan's receipts for the venue.

Juan's profit =1300-575

Juan's profit = 725.

Juan's profit margin for the event =$725.