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I think revenue is supposed to be missing, and you need to find the revenue in order to solve the problem. A local restaurateur, Cho
I think revenue is supposed to be missing, and you need to find the revenue in order to solve the problem.
A local restaurateur, Cho Senn, is considering three options for his new Asian fusion restaurant. Option A - called Midtown - will have annual fixed costs of 37,500 and variable costs of 3.35 per customer. Option B - called Market - will have annual fixed costs of 28,000 and variable costs of 4.50 per customer. Finally Option C - called Mall - has annual fixed cost of 18,500 and variable costs of 5.25 per customer. If Mr. Cho averages {rev} in revenue per customer, what volume is required to breakeven with Option A? A local restaurateur, Cho Senn, is considering three options for his new Asian fusion restaurant. Option A - called Midtown - will have annual fixed costs of 37,500 and variable costs of 3.35 per customer. Option B - called Market - will have annual fixed costs of 28,000 and variable costs of 4.50 per customer. Finally Option C - called Mall - has annual fixed cost of 18,500 and variable costs of 5.25 per customer. If Mr. Cho averages {rev} in revenue per customer, what volume is required to breakeven with Option A? A local restaurateur, Cho Senn, is considering three options for his new Asian fusion restaurant. Option A - called Midtown - will have annual fixed costs of 37,500 and variable costs of 3.35 per customer. Option B - called Market - will have annual fixed costs of 28,000 and variable costs of 4.50 per customer. Finally Option C - called Mall - has annual fixed cost of 18,500 and variable costs of 5.25 per customer. If Mr. Cho averages {rev} in revenue per customer, what volume is required to breakeven with Option A? A local restaurateur, Cho Senn, is considering three options for his new Asian fusion restaurant. Option A - called Midtown - will have annual fixed costs of 37,500 and variable costs of 3.35 per customer. Option B - called Market - will have annual fixed costs of 28,000 and variable costs of 4.50 per customer. Finally Option C - called Mall - has annual fixed cost of 18,500 and variable costs of 5.25 per customer. If Mr. Cho averages {rev} in revenue per customer, what volume is required to breakeven with Option AStep by Step Solution
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