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

Individual Income Taxes

43rd Edition

ISBN:9780357109731

Author:Hoffman

Publisher:Hoffman

Chapter9: Deductions: Employee And Self- Employed-related Expenses

Section: Chapter Questions

Problem 49P

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