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A university is planning to hold an event at a local venue, which will charge a fixed rental fee of $750 for the event plus
A university is planning to hold an event at a local venue, which will charge a fixed rental fee of $750 for the event plus $20.90 per guest for food.The university has budgeted $995 for administrative and marketing expenses.It plans to hire a band, which will cost another $585.Tickets are expected to sell for $44.30 per guest.Ignore taxes.What is the cash break-even point as measured in the number of tickets sold?
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