10/30/23, 8:57 PM
Chapter 5 Post-Class Homework
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CHAPTER 5 - Pricing Methods
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Question 4
Correct
Mark 2.00 out of
2.00
Take me to the text
Rock Restaurant has been open for several months and the manager is analyzing information for the past month. The
restaurant has 23 tables and seats 70. In June, the restaurant averaged 105 customers per day. The restaurant is open 7
days per week. Sales revenue for June was $68,000.
Do not enter dollar signs or commas in the input boxes.
Round your answers to 2 decimal places.
a) Determine the seat turnover rate.
Seat Turnover Rate: 1.5
times
b) Determine the average check.
Average Check: $
21.59
Explanation
a)
Seat Turnover Rate = Number of Customers / Number of Seats
Seat Turnover Rate: 1.50 times
b)
Average Check = Total Sales Revenue for the Period / (Seats x Seat Turnover x Days Open)
Average Check: $21.59
Correct
Marks for this submission: 2.00/2.00.
