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Question 19 (1 point) A university is planning to hold an event at a local venue, which will charge a fixed rental fee of $510
Question 19 (1 point) A university is planning to hold an event at a local venue, which will charge a fixed rental fee of $510 for the event plus $12.90 per guest for food. The university has budgeted $755 for administrative and marketing expenses. It plans to hire a band, which will cost another $345. Tickets are expected to sell for $36.30 per guest. Ignore taxes. How many tickets must be sold if the university plans to raise $4,345 in net cash flow from this event? 230 236 242 249 255
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