Jude is arranging for a party to be held in the students' union. The use of the hall will be free but security costs of £300 will have to be met. The cost of the main band will be £2,500 and the supporting band will cost £500. Tickets will be priced at £16 each. On arrival, every ticket holder will be given a bottle of water, worth £1 per bottle. If Jude sells 400 tickets as he anticipates, what profit will he make? A. £6,400 B. E2,700 C. E3,100 D. E3,600

Jude is arranging for a party to be held in the students' union. The use of the hall will be free but security costs of £300 will have to be met. The cost of the main band will be £2,500 and the supporting band will cost £500. Tickets will be priced at £16 each. On arrival, every ticket holder will be given a bottle of water, worth £1 per bottle. If Jude sells 400 tickets as he anticipates, what profit will he make? A. £6,400 B. E2,700 C. E3,100 D. E3,600

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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