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You are the owner of an exclusive nightclub holding a New Year's Eve party. You have determined that you need a minimum contribution margin of
You are the owner of an exclusive nightclub holding a New Year's Eve party. You have determined that you need a minimum contribution margin of 40%. You know that the food cost is $20 per person and the beverage cost is $17 per person and the house band charges a fee of $5 per person. You estimate 850 tickets will be sold. What is the Total Revenue? |
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