4. John and Lola sell water at a tennis tournament. They charge $7 per bottle....
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Accounting
4. John and Lola sell water at a tennis tournament. They charge $7 per bottle. The cost to purchase a drink is $2 per bottle. They estimate they can sell at least 200 bottles of each game.
(I) To break even, what is the most that they can pay in fixed cost?
(ii) If they sell 300 bottles during the game, how much can they pay in fixed costs?
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