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Administrators at a University Are Planning to Offer a Summer

Question 41

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Administrators at a university are planning to offer a summer seminar. It costs $3000 to reserve a room, hire an instructor, and bring in the equipment. Assume it costs $25 per student for the administrators to provide the course materials. If 30 students pay $175 for the privilege of attending the seminar, how much of a profit (or loss) will be incurred?

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