Jason owns a small food truck in Chicago, linois. He initally invested $15000 to start his business and he would like to see a 30% return on his investment (RO), In addition to his initial startup costs, he incurs a total of $155 in fuxed costs per month and $0.60 in variable costs in each meal He expects to make 550 meals each month. Assuming he sells all 550 meals, what should Jason's Target RO price be? Round to the nearest cent) O $846
Jason owns a small food truck in Chicago, linois. He initally invested $15000 to start his business and he would like to see a 30% return on his investment (RO), In addition to his initial startup costs, he incurs a total of $155 in fuxed costs per month and $0.60 in variable costs in each meal He expects to make 550 meals each month. Assuming he sells all 550 meals, what should Jason's Target RO price be? Round to the nearest cent) O $846
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter18: Pricing And Profitability Analysis
Section: Chapter Questions
Problem 11E
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Pls help with below homework.
![Jason owns a small food truck in Chicago, Illinois. He
initaly invested $15.000 to start his business and he
would like to see a 30% return on his investment (RO) In
addition to his initial startup costs, he incurs a total of $155
in fued costs per month and $0.60 in variable costs in each
meal He expects to make 550 meals each month.
Assuming he sells all 550 meals, what should Jason's Target
RO price be? (Round to the nearest cent)
O $8.46
O S878
O $845
O $8.18
O $9.06](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F56b8c67a-bcab-42db-8221-ed2b7930ce3a%2Fe58b368f-d6db-4ad0-82ba-76ff2f11381f%2Fmt8g84p_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Jason owns a small food truck in Chicago, Illinois. He
initaly invested $15.000 to start his business and he
would like to see a 30% return on his investment (RO) In
addition to his initial startup costs, he incurs a total of $155
in fued costs per month and $0.60 in variable costs in each
meal He expects to make 550 meals each month.
Assuming he sells all 550 meals, what should Jason's Target
RO price be? (Round to the nearest cent)
O $8.46
O S878
O $845
O $8.18
O $9.06
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