A concert venue wants to project profit from sales of souvenirs at the upcoming weekend concert. Based on past data, 65% of patrons will buy at least one souvenir. The attendance of the event is expected to be 14,600 patrons. If the venue typical earns $20 from the sale of each souvenir and the company donates 30% of its proceeds to local charities, what is its expected amount the company earns as profit? incorrect option. Answer explanation has been updated Check answer button removed A. A $9,490

$132,860

Step-by-step explanation:

The attendance of the event is expected to be 14,600 patrons.

Based on past data, 65% of patrons will buy at least one souvenir.

Therefore at least:

0.65 X 14600 =9490 patrons will buy at least one souvenir.

Each Sourvenir costs $20

Total Least Expected Income = 9490 X $20 =$189,800

Since the company donates 30% to local charities,

Expected Profit= $189,800 - (30% of $189,800)

= $189,800-56940

=$132,860

good bye

step-by-step explanation:

i think the correct option is the second option.