Danilo and his wife operate a restaurant where they sell all their meals for $14.00 each. The markup on each meal is $5.00 and overhead expenses are 19.00% of cost. a. How much does it cost them to make each meal? $0.00 Round to the nearest cent b. What is their operating profit per meal? 50.00 Round to the nearest cent c. Calculate the break-even price.
Danilo and his wife operate a restaurant where they sell all their meals for $14.00 each. The markup on each meal is $5.00 and overhead expenses are 19.00% of cost. a. How much does it cost them to make each meal? $0.00 Round to the nearest cent b. What is their operating profit per meal? 50.00 Round to the nearest cent c. Calculate the break-even price.
Mathematics For Machine Technology
8th Edition
ISBN:9781337798310
Author:Peterson, John.
Publisher:Peterson, John.
Chapter24: Percent Practical Applications
Section: Chapter Questions
Problem 40A: A manufacturing company receives $122,000 upon the completion of a job. Total expenses for the job...
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Transcribed Image Text:Danilo and his wife operate a restaurant where they sell all their meals for $14.00 each.
The markup on each meal is $5.00 and overhead expenses are 19.00% of cost.
a. How much does it cost them to make each mealP
$0.00
Round to the nearest cent
b. What is their operating profit per meal?
50.00
Round to the nearest cent
c. Calculate the break-even price.
30:00
Round to the nearest eent
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