Aconcert venue wants to project profit from sales of souvenirs at the upcoming weekend concert. based on past data, 65% of patrons will buy at least one souvenir. the attendance of the event is expected to be 14,600 patrons. if the venue typical earns $20 from the sale of each souvenir and the company donates 30% of its proceeds to local charities, what is its expected amount the company earns as profit?

Its expected amount earned as profit is $132,860.

Step-by-step explanation:

Since we have given that

Number of patrons = 14600

Percentage of patrons will buy at least one souvenir = 65%

So, Number of patrons will buy at least one souvenir is given by

Amount from the sale of each souvenir = $20

So, total amount would be

Percentage of its proceeds donates to local charities = 30%

Remaining percentage of its proceeds donates to local charities = 100% - 30% = 70%

So, it becomes,

Hence, its expected amount earned as profit is $132,860.

step-by-step explanation:

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