Tanner Park is a small amusement park that provides a variety of rides and outdoor activities for children and teens. In a typical summer season, the number of adult and children’s tickets sold are 20,000 and 10,000, respectively. Adult ticket prices are 18 and the children’s price is10. Revenue from food and beverage concessions is estimated to be $60,000, and souvenir revenue is expected to be 25,000. Variable costs per person (adult or child) are 3, and fixed costs amount to 150,000. Determine the profitability of this business.
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