Let's denote the length of the dance in hours as \( h \).
Cost of City Ballroom: The cost at City Ballroom, which includes a setup fee and the cost per hour, is given by: \[ \text{Cost}_{\text{City}} = 300 + 240h \]
Cost of La Rosa Loft: The cost at La Rosa Loft, which charges per hour and requires hiring an outside DJ, is given by: \[ \text{Cost}_{\text{La Rosa}} = 295h + 45h = 340h \]
We need to find the value of \( h \) such that the costs are equal: \[ 300 + 240h = 340h \]
Now, we will solve for \( h \):
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Subtract \( 240h \) from both sides: \[ 300 = 340h - 240h \] \[ 300 = 100h \]
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Divide both sides by 100: \[ h = \frac{300}{100} = 3 \]
Thus, the dance would need to last 3 hours for the cost to be the same at either venue.