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QUESTION
A garage band wants to hold a concert. The expected crowd is 3,000. The average expenditure on concessions is $15.
4. A garage band wants to hold a concert. The expected crowd is 3,000. The average expenditure on concessions is $15. Tickets sell for $10 each, and the band’s profit is 80% of the gate, along with concession sales, minus a fixed cost of $10,000. Develop a general mathematical model and implement it on a spreadsheet to find their expected profit.
