7) Last week David spent $12,500 on advertising. This week he plans to spend twi

Question

7) Last week David spent $12,500 on advertising. This week he plans to spend twice as much. Next week he wants to spend half of what he spent
theprevious two weeks. How much should he plan to spend on advertising next week?

8) The stadium has ±xed expenses of $10,000 per event. Last month it put on three major events and spent $72,000, $47,500, and $65,000 in advertising for them respectively. According to the accountant, these events earned a total of $482,000 in revenue. What was the stadium’s pro±t margin last month?

9) If the ratio of patrons to advertising dollars is 8.65:1, how much should the arena spend if it wants15,000 attendees at the basketball game? (Round to the nearest dollar.)

10) An independent study commissioned by the stadium showed that running a cable TV ad 5 times daily for a week generated 1,200 ticket sales. The stadium wants to sell out an upcoming show, which requires the sale of 13,200 tickets. How long should the stadium run the cable ad in order to reach this target?

Explanation / Answer

given Last week David spent $12,500 on advertising. This week he plans to spend twice as much. Next week he wants to spend half of what he spent
theprevious two weeks.

this week his spends twice as much=2*12,500=25000next week he spends half of what he spent theprevious two weeks. =1/2(25000+12500)=$18750

as per chegg rule first question is answered

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