Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hello, can somebody help me with a financial break even question for my marketing class? I have the correct answer but don't know how to

image text in transcribedHello, can somebody help me with a financial break even question for my marketing class? I have the correct answer but don't know how to solve? Any help would be greatly appreciated!

A vendor on Peachtree sells bratwurst hot dogs for $4.95. His cart is open from 9 - 5, Monday through Friday. His variable costs average $0.65 per hot dog (depending mostly on toppings). He is considering a price decrease to $4.40. 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. Answer: 15 A vendor on Peachtree sells bratwurst hot dogs for $4.95. His cart is open from 9 - 5, Monday through Friday. His variable costs average $0.65 per hot dog (depending mostly on toppings). He is considering a price decrease to $4.40. 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. Answer: 15

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals Of Corporate Finance

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford

5th Edition

0135811600, 978-0135811603

More Books

Students also viewed these Finance questions