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OpenStudy (anonymous):
The theater company is putting on a play. They have taken out a loan in the amount of $6,500 to cover the cost of making the costumes and printing the tickets and flyers. The theater company has to pay 7% interest for the loan. If the auditorium holds 200 seats and each ticket sells for $9.50, how many sold out shows will the company have to put on to cover the cost of the loan? a.7 b.3 c.4 d.6
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