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Movie theaters pay a certain price for the movies that you and I see. Suppose a theater pays $540 for each showing of a popular movie. If they charge $4.50 for each ticket they sell, then they will lose money if ticket sales are less than $540. However, they will make a profit if ticket sales are greater than $540. What is the range of tickets ( x ) they can sell and still lose money?
Markup
The sum included in the goods' purchase price to account for operational costs and earnings.
Return on Investment
A measure used to evaluate the efficiency or profitability of an investment, calculated as the net profit divided by the cost of the investment.
Selling Price
The price at which a product or service is sold to the consumer.
Inventory
The total amount of goods or materials held in stock by a business or organization for the purpose of resale or production.
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