Scenario:

A training company named Global Training Associates revenues have fluctuated over the past few years. Historically, Global Training Associates carried out more than 3,700 seminars. Each location dispatched approximately 25 seminars per week over a 50-week training year (fiscal year). Base price for any seminar (net of materials) is $4500. Base price covers a three-day seminar (including trainer travel time). Base price covers training for five trainees net of materials with an additional $500 for each additional trainee. In 2010, the average seminar serviced 15 trainees.

Barber explained the Global Training Associates had cancellations between 2018 and 2019 and conceded that several long-time clients had cancelled training because of delays. One client indicated that his trainer was unprepared. The guy used a white board for the first two days of training. We paid for professional training. I had several trainees complain that they could not follow the material and had to take copious notes by hand.

Not only did Global Training Associates lose the restaurant chain as a client--the trainer involved, who was one of the core, went to another training company. That fellow took about $500,000 annual revenue with him, Barber conceded.

Solve the following

1. Calculate the total revenue loss in 2019 from the historical revenue (using historical number of seminars and total number of seminars in 2019).
2. Calculate the potential loss of revenue if: 10% of the core trainers quit and take their portion of the training seminars with them to a competitor.