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It's been over thirty years, but yes my chapter and our school panhellenic would periodically have bake sales. Hungry classmates were always willing to pick up fresh baked cookies, brownies etc..
If you choose to have it on campus you need to check with your student government/student affairs office to see if there are permits/fees/food safety policies etc.. that need to be addressed. Once that is done I'd concentrate on publicity, then try to get an inventory of what will be offered for sale. You don't want everyone bringing the same item. Good luck!
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