If a scalper buys 10,000 tickets and resells them for $150 each, then, as a total revenue, he would have earned a total amount of $15,000,000.
What is earning?
Earnings are defined as the net profits generated by a company's operations. The amount on which corporate tax is due is also referred to as earnings.
Therefore, the total revenue is generated from the given case is:
Revenue = Price * quantity
Revenue = $150 * 10,000
Revenue = $15,00,000
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