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A university is planning to hold an event at a local venue, which will charge a fixed rental fee of $615 for the event plus
A university is planning to hold an event at a local venue, which will charge a fixed rental fee of $615 for the event plus $16.40 per guest for food. The university has budgeted $860 for administrative and marketing expenses. It plans to hire a band, which will cost another $450. Tickets are expected to sell for $39.80 per guest. Ignore taxes. How many tickets must be sold if the university plans to raise $4,800 in net cash flow from this event? options: 288 295 302 310 317
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