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

Algebra ->  Finance -> 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      Log On


   



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) About Me  (Show Source):
You can put this solution on YOUR website!
.7%2A%2815000+%2B+12000%29+=+18900
.6%2A12000+=+7200
.5%2A10000+=+5000
18900+%2B+7200+%2B+5000+=+31100
4500%2A4+=+18000
31100+%2B+18000+=+49100expenses
15000+%2B+12000+%2B+12000+%2B+10000+=+49000income
income - expenses = profit
49000+-+49100+=+-100 loss
The theater lost $100 for the 4 weeks