Round answers in 2nd decmial place Sonia intends to sell a cheese burger meal with a drink. It costs her P 25 per meal, and theowner of the space charged her P 250 per day for the place. P 25 & P 100 for the water andelectricity respectively were charged to her daily as well.a. Determine the price of her meal if it needs 15 meals to recover all her expenses.b. Determine the profit if the income becomes equal to the total expenses, and if 20 mealswere sold.c. Determine the profit or loss if she sold a total of 10 meals for P45 price per meal.

Profit is the amount of money earned after deducting all the outlays from the incomes.

Answered: Sonia intends to sell a cheese burger…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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