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. Bear owns a restaurant that has monthly costs of $2000 for rent, $4000 for monthly salaries and $2300 for other fixed expenses. On the
. Bear owns a restaurant that has monthly costs of $2000 for rent, $4000 for monthly salaries and $2300 for other fixed expenses. On the menu, the restaurant has entrees that sell for $14.99 each. On average, it costs $5.50 in food and materials to serve each of these entrees.
1How many entrees does the restaurant need to sell each month to breakeven?
2What will Bears net income be if she changes the selling price of the entrees to $12.99 and sells 400 plates?
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