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For a Saturday matinee, adult tickets cost $5.50 and kids under 12 pay only $4.00. If 60 tickets are sold for a total of $285. How many of the tickets were adult tickets and how many were sold to kids under 12?
Obsolete
Refers to products, technologies, or methods that are out-of-date or no longer in use.
Simple Interest Loan
A loan where interest is calculated only on the principal amount, not on accumulated interest.
Net Advantage To Leasing
The financial benefits that accrue to a business when leasing assets as opposed to purchasing them, often considered in terms of cost savings and tax advantages.
Tax Loss Carryforwards
A tax provision that allows individuals or companies to use a net operation loss in one year to offset taxable profits in future years.
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