Question
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
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Linear Algebra A Modern Introduction
Authors: David Poole
3rd edition
978-0538735452
