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A garage band wants to hold a concert. The expected crowd is 2,600. The average expenditure on concessions is $35. Tickets sell for $30 each,
A garage band wants to hold a concert. The expected crowd is 2,600. The average expenditure on concessions is $35. Tickets sell for $30 each, and the band's profit is 75% of the gate and concession sales minus a fixed cost of $20,000. Develop a mathematical model and implement it on a spreadsheet to find the band's expected profit. Write Excel formulas for the unknown values in the model. A B C 1 Expected Crowd 2 Average Concessions Expenditure 3 Fixed Cost 4 Ticket Price 5 Profit percentage 6 Ticket Revenue 7 Concession Revenue 8 Profit Complete the following spreadsheet model. (Type integers or decimals. Do not round.) A B C 1 Expected Crowd people 2 Average Concessions Expenditure $ per person 3 Fixed Cost $ 4 Ticket Price $ per person 5 Profit percentage 6 Ticket Revenue $ 7 Concession Revenue 8 Profit $
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