Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Discussion: fueling scales Assume that 2,250 chargers currently arrive at the facility each year, 65% of whom purchase an average of 225 gallons. This will
Discussion: fueling scales Assume that 2,250 chargers currently arrive at the facility each year, 65% of whom purchase an average of 225 gallons. This will result in sales of 230,000 gallons per year, which at $1.35 average gross margin would generate $310,500 in gross profit. If we can generate modest increases in pick up ratio to 67% and average rise to 235 gallons, we can increase the gross profit contribution to $478,250. What is the impact of improving financial performance on the cost of doing business?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started