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Calculate net profit for year three if percentage commission in year 3 was reduced to 15% Projected Profit & Loss Statement - Delivery-only Restaurant Year
Calculate net profit for year three if percentage commission in year 3 was reduced to 15%
Projected Profit & Loss Statement - Delivery-only Restaurant Year 1 Year 2 Year 3 Projected Revenue E710,000.00 E724,200.00 753.168.00 Projected Costs Salaries and wages E328.002.33 E334.562.38 341,253.62 210,945.80 Food costs 200,000.00 205,400.00 Marketing 71.000.00 E65,000.00 68,000.00 Other 6,800.00 E6,868.00 E6.936.68 Cost of 3rd Party Service Sign-up fee E710 N/A N/A 96 commission on each order 20 20 20 Cost of Bespoke Service Upfront development 18,000 N/A N/A Ongoing costs E170 E170 170 Delivery driver salaries 11.750.00 11,985.00 12.224.70 If Nat opted into a long-term contract with the 3rd-party service, and the percentage commission in Year 3 was reduced to 15%, what would the net profit be in Year 3? Pick one of the options below. -24,601.70 9,398.30 13,056.70 O 47,056.70 O O 55,000.00Step by Step Solution
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