26. You rent a hot dog cart for a cost of $300/month. You sell hot dogs for $3.00 each and you also sell drinks for $1.00 (plus tax). The cost of the hot dogs is $1.25, which includes the cost of buns and condiments. The cost of the drinks is $0.30. In a month, you expect to sell 500 hot dogs and 450 drinks. Each month, you consume an additional 50 hot dogs and 60 drinks, in addition to the amounts sold. This can be considered as "wastage" in the restaurant business. You charge an 8% sales tax, but you only declare about 50% of your sales for sales tax purposes. There is an income tax rate of 25%, but you do not file any tax returns. Please calculate the following for the month: a. Sales Revenue: (excluding sales taxes) b. COGS: (including wastage) c. Gross Profit: d. Operating Expenses: c. Operating Income: 1. "Profit" on unpaid sales taxes: g. Net Income: h. Profit Margin % i. Excluding wastage, what is the gross margin % on: i. Hot Dogs: ii. Drinks