Salam is thinking about opening a lunchtime restaurant on a busy street. Salam estimates that all the restaurants on this street together serve 21,918 lunches on a typical day. Opening the new lunchtime restaurant will require $6,207 in fixed costs. Salam believes that he can earn a margin of $4.10 on each lunch his new restaurant serves. Calculate breakeven MARKET SHARE for Salam's new restaurant. Report your answer as a percent. Report 25.5%, for example, as "25.5". Rounding: tenth of a percent.
Salam is thinking about opening a lunchtime restaurant on a busy street. Salam estimates that all the restaurants on this street together serve 21,918 lunches on a typical day. Opening the new lunchtime restaurant will require $6,207 in fixed costs. Salam believes that he can earn a margin of $4.10 on each lunch his new restaurant serves. Calculate breakeven MARKET SHARE for Salam's new restaurant. Report your answer as a percent. Report 25.5%, for example, as "25.5". Rounding: tenth of a percent.
The manufacturing company needs to estimate the production costs. The income statement includes the contribution per unit, sales units, the elements of income statement have to find breakeven point. The breakeven point is the point where the firm gets nothing or no loss no profit. The management will incur the expenses for the production, the result will show nothing. The sales will occur below the profit margin.
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