Camp Funskies has annual fixed operating costs of $150,000 and variable costs of $550 per camper. Total fees charged to campers amount to $500 each. The camp expects 350 campers next summer. Projected government grants are $95,000. How much must Camp Funskies raise from other sources to break even?
A) $45,000
B) $37,500
C) $97,500
D) $72,500
Correct Answer:
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