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Tanner Park is a small amusement park that provides a variety of rides and outdoor activities for children and teens. In a typical summer season, the number of adult and children's tickets sold are 20,000 and 10,000 respectively.
Adult ticket prices are $18 and the children's price is $10. Revenue from the food and beverage concession is estimated to be $60,000 and sourvenir revenie is expected to be $25,000 Variable costs per person are $3 and fixed costs are $150,000.
Determine the profitability of this business.
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