Dunston Military Academy Has an Annual Deficit of $250,000

Multiple Choice

Dunston Military Academy has an annual deficit of $250,000.Its 1,000 students pay tuition of $10,000 each per year.The economics faculty has recommended solving the problem by recruiting additional athletes with $5,000 scholarships.Each additional athlete will cost the school $2,500 (equipment, etc.) .Assuming the academy agrees, how many athletes are needed to eliminate the deficit?

A) Zero, the deficit cannot be eliminated by giving more scholarships.
B) 25
C) 50
D) 100