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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
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 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: 15Step by Step Solution
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