A university is planning to hold an event at a local venue, which will charge a fixed rental fee of $570 for the event plus $14.90 per guest for food. The university has budgeted $815 for administrative and marketing expenses. It plans to hire a band, which will cost another $405. Tickets are expected to sell for $38.30 per guest. Ignore taxes. What is the degree of operating leverage if 241 guests attend?

Question 27 options:

	1.43
	1.47
	1.50
	1.54
	1.57