Homework Help is Here – Start Your Trial Now!
Business
Accounting
Gourmet Delight Bistro had a 10% return on a $75,000 investment in new kitchen equipment. The investment resulted in increased sales and an increase in income that was 4% of the increase in sales. What was the increase in sales?

Gourmet Delight Bistro had a 10% return on a $75,000 investment in new kitchen equipment. The investment resulted in increased sales and an increase in income that was 4% of the increase in sales. What was the increase in sales?

Financial Management: Theory & Practice
Financial Management: Theory & Practice
16th Edition
ISBN:9781337909730
Author:Brigham
Publisher:Brigham
Chapter7: Corporate Valuation And Stock Valuation
Section: Chapter Questions
Problem 9MC
See similar textbooks
icon
Related questions
Question

Hii, tutor give me Answer

Gourmet Delight Bistro had a 10% return on a $75,000 investment in new kitchen equipment. The investment resulted in increased sales and an increase in income that was 4% of the increase in sales. What was the increase in sales?
Transcribed Image Text:Gourmet Delight Bistro had a 10% return on a $75,000 investment in new kitchen equipment. The investment resulted in increased sales and an increase in income that was 4% of the increase in sales. What was the increase in sales?
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer