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What should be the meals budget

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Question - A local education institution's budget for 2020/21 for meals was £944,622. During 2020/21 it is estimated that 500 students will require 3 meals a day for 196 days each at an average cost of £3.20 per meal. What should be the meals budget for 2021/22 applying zero-based budgeting, inflation is estimated at 3%?

Reference no: EM133184783

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