Question
A vendor on Peachtree sells bratwurst hot dogs for $3.85. His cart is open from 9 5, Monday through Friday. His variable costs average $0.70
A vendor on Peachtree sells bratwurst hot dogs for $3.85. His cart is open from 9 5, Monday through Friday. His variable costs average $0.70 per hot dog (depending mostly on toppings and condiments). He is considering a price increase to $4.60. Calculate the percent profit breakeven metric for this price change. Report your answer as a percentage (whole number) and round to the nearest percentage point.
A vendor on Peachtree sells bratwurst hot dogs for $4.75. His cart is open from 9 5, Monday through Friday. His variable costs average $0.80 per hot dog (depending mostly on toppings). He is considering a price decrease to $4.20. Calculate the percent profit breakeven metric for this price change. Report your answer as a percentage (whole number) and round to the nearest percentage point.
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The Economics Of Money Banking And Finance
Authors: Peter Howells, Keith Bain
2nd Edition
0273651080, 978-0273651086
