SOLUTION: Please explain how to figure out the following math problem. Thank you in advance for your help in the problem solving. The theater box office receipts for the movie "Ratio" fo

Question 115800: Please explain how to figure out the following math problem. Thank you in advance for your help in the problem solving.
The theater box office receipts for the movie "Ratio" for the past four weeks were 15,000, 12,000, 12,000 and 10,000. The theater owner pays the movie distributor the following percentages of the box-office receipts: 70% for each of the first two weeks, 60% for the third week and 50% for the fourth week. Other operating expenses are $4,500 per week. Did the theater make or lose money?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!

expenses
income
income - expenses = profit
loss
The theater lost $100 for the 4 weeks

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