Respuesta :
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.
Juan's Investment for the event was = $575
His total receipts for the venue was = $1300
Hence, profit earned by Juan = [tex]1300-575=725[/tex]
Profit margin is defined as the amount by which the revenue invested exceeds its original amount(invested).
And, profit margin was = [tex]\frac{725}{1300}*100 =55.77[/tex]
So, profit margin was 55.77%.
