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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 $3.90. 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 making a couple of changes to his operation. First, he is going to upgrade both the hot dogs and the condiments, which will increase variable costs by $0.42. He is also considering a price increase to $4.80. Calculate the percent profit breakeven metric, with a change in variable cost, for the proposed changes. Report your answer as a percentage (whole number) and round to the nearest percentage point. Answer: -13 A vendor on Peachtree sells bratwurst hot dogs for $3.90. 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 making a couple of changes to his operation. First, he is going to upgrade both the hot dogs and the condiments, which will increase variable costs by $0.42. He is also considering a price increase to $4.80. Calculate the percent profit breakeven metric, with a change in variable cost, for the proposed changes. Report your answer as a percentage (whole number) and round to the nearest percentage point. Answer: -13Step by Step Solution
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