A restaurant frequently offers a special prix fixe meal and has been charging $160 per person for the event. At that price, they’ve been averaging 30 customers each time. Their marketing firm has convinced them that they’ll gain a customer for every dollar they lower the cost of the event, and conversely lose a customer for every dollar they raise the cost. Their fixed cost per event is $2600 and preparing each customer’s meal costs an additional $40. What are the break-even points in terms of customers served?
A restaurant frequently offers a special prix fixe meal and has been charging $160 per person for the event. At that price, they’ve been averaging 30 customers each time. Their marketing firm has convinced them that they’ll gain a customer for every dollar they lower the cost of the event, and conversely lose a customer for every dollar they raise the cost. Their fixed cost per event is $2600 and preparing each customer’s meal costs an additional $40. What are the break-even points in terms of customers served?
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter2: Functions And Graphs
Section2.CR: Chapter Review
Problem 87E
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A restaurant frequently offers a special prix fixe meal and has been charging $160 per person for the event. At that price, they’ve been averaging 30 customers each time. Their marketing firm has convinced them that they’ll gain a customer for every dollar they lower the cost of the event, and conversely lose a customer for every dollar they raise the cost. Their fixed cost per event is $2600 and preparing each customer’s meal costs an additional $40. What are the break-even points in terms of customers served?
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