Question

A statistical study concluded that the average fan at a typical sporting event spends approximately $7.50 on concessions. If only one vendor is licensed to sell at a concert that expects a turnout of 10,000, what is the projected sales total for the vendor?

Answer 1

Answer:

Projected sales total for the vendor = $75,000

Step-by-step explanation:

Given:

Approx concession amount = $7.50

Expected number of customers = 10,000

We need to find the expected projected sales total for the vendor.

Solution:

Now, we multiply the average concession amount spend by the expected number of customers.

So, we write the equation as:

$Projected\ sales = (Approx\ concession\ amount)\times (Expected\ Number\ of\ customers)$

$Projected\ sales = (7.50)\times (10,000)$

$Projected\ sales = \ 75,000$

Therefore, the projected sales total for the vendor are $75,000.