Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
A restaurant has three main products. Fixed costs are $397,000 and the tax rate is 25%. Other financial information is as follows: Item Average Purchase
A restaurant has three main products. Fixed costs are $397,000 and the tax rate is 25%. Other financial information is as follows:
Item | Average Purchase (in $) | Average Margin | Total Sales (in %) |
drinks | 10 | 60% | 40 |
meals | 25 | 20% | 50 |
desserts | 10 | 70% | 10 |
What are total sales if after tax income is $90,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started