If a streaming service has 5 million subscribers and each pays $10 monthly, what

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Question: If a streaming service has 5 million subscribers and each pays $10 monthly, what is the total monthly revenue?

Options:

Correct Answer: $50 million

Solution:

Total monthly revenue = Number of subscribers * Monthly fee = 5,000,000 * 10 = $50 million.

If a streaming service has 5 million subscribers and each pays $10 monthly, what is the total monthly revenue?

If a streaming service has 5 million subscribers and each pays $10 monthly, what is the total monthly revenue?

Step 1: Identify the number of subscribers. In this case, there are 5 million subscribers.
Step 2: Identify the monthly fee each subscriber pays. Here, each subscriber pays $10.
Step 3: Multiply the number of subscribers by the monthly fee to find the total revenue. So, calculate 5,000,000 (subscribers) * 10 (monthly fee).
Step 4: Perform the multiplication. 5,000,000 * 10 = 50,000,000.
Step 5: The result is $50 million, which is the total monthly revenue.

Multiplication – The question tests the ability to multiply the number of subscribers by the monthly fee to calculate total revenue.
Basic Financial Calculation – It assesses understanding of how to compute revenue based on subscription models.