Question $1$

At the Erminskin Cafe, the average price per meal sold is $$20$ with an average variable cost of

$$5.$ Fixed costs for July are expected to be $$40,000.$ If the restaurant manager expects to sell

$10,000$ meals in July, the total net income $($$$)$ for the month would be:

$$110,000$

$$48,000$

$$150,000$

$$225,000$