Ramon and his wife operate a restaurant where they sell all their meals for $14 each. The

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Ramon and his wife operate a restaurant where they sell all their meals for $14 each. The markup on each meal is $4.50 and overhead expenses are 20% of the selling price.

a. How much does it cost them to make each meal?

b. What is their operating profit per meal?

c. Calculate the break-even price.

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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Question Posted: Sep 19, 2024 06:04 AM

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Ramon and his wife operate a restaurant where they sell all their meals for $14 each. The

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Mathematics Of Business And Finance

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