SOLUTION: Please help me with this profit and loss calculation. The theater box office receipts for a movie "Ratio" for the past four weeks were $15,000, $12,000, $12,000 and $10,000. The

Question 115829: Please help me with this profit and loss calculation.
The theater box office receipts for a 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?
Please explain the calculations. Thank you so much for your help.
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
The theater box office receipts for a 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?
-----------------
1st Week Gain/Loss:
Gain---30% of 15000 = 4500
Loss--- 4500
Net---- $0
---------------
2nd Week Gain/Loss:
Gain---30% of 12000 = 4000
Loss---4500
Net---- (-$500)
-----------------
#3rd Week Gain/Loss
Gain--- 40% of 12000 = 4800
Loss--- 4500
Net--- $300
------------------
4th week Gain/Loss
Gain--- 50% of 10000 = 5000
Loss--- 4500
Net---- (500))
========================
Total Net: 0-500+300+500 = $300
======================
Cheers,
Stan H.
RELATED QUESTIONS
Please explain how to figure out the following math problem. Thank you in advance for... (answered by josmiceli)

this is a story problem. Figures for the summer of 1998 showed that the movie Saving... (answered by vleith)

A movie theater has two ticket prices: $8.00 for adults and $5.00 for children. If the... (answered by Fombitz)

A movie theater has two ticket prices: $7 for adults and $5 for children. If the box... (answered by mananth)

A movie theater has two ticket prices: $8 for adults and $5 for children. I f the box... (answered by ikleyn)

The box office at a movie theater sold 375 tickets for the evening show and collected... (answered by ikleyn)

Please help me write two equations for this word problem. One equation for members and... (answered by Theo)

A movie theater charges $7.50 for adults and $4.50 for children. The receipts for one... (answered by solver91311)

A movie theater charges $7.50 for adutls and $4.50 for children. The receipts for one... (answered by rfer,MLipsky)