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Determine the break-even price per ticket

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Problem 1: The Collings College Student Association is planning a fall concert. Expected costs (renting a hall, hiring a band, etc.) are $36,000. Assuming 3,000 people attend the concert, determine the break-even price per ticket. How much will the association lose if this price is charged and only 2,700 tickets are sold?

Reference no: EM132992318

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