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Suppose Frontier City Amusement Park bought a ferris wheel for $92,000. 42,512 people paid $2 each to ride the ferris wheel the first year. Ignoring the cost of operating, how much money did the park lose on the ferris wheel in its first year?
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Total amount earned= 42512x2= 85024 Ignoring cost of operating, 92000 - 85024 = 6976 The park lose $6976 in the first year
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