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A fledgling entrepreneur decides to sell drinks from a stall in a street festival. The festival lasts for one day, and only payments in cash
A fledgling entrepreneur decides to sell drinks from a stall in a street festival. The festival lasts for one day, and only payments in cash are accepted. The stall costs $190 to rent, and the owner knows that the contribution margin for each sale is $1.20. After the festival is over, the owner has achieved a net income of $180.80. How many drinks were sold? You may assume that there were no fixed or variable costs other than those mentioned above. Your answer should be a whole number.
Number of drinks sold: _____
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