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Develop a general mathematical model

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Reference no: EM132253290

A garage band is holding a concert. The expected crowd is 3,000. Average expenditure on concessions is $15. Tickets sell for $10 each, and the band's profit is 80% of the gate and concession sales, minus a fixed cost of $12,000. Develop a general mathematical model and implement it on a spreadsheet to find their expected profit.

Reference no: EM132253290

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