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Suppose you are the manager of a Applebee's restaurant and you are considering running a Happy Hour in which your average price of a drink,which
Suppose you are the manager of a Applebee's restaurant and you are considering running a Happy Hour in which your average price of a drink,which is $8, will be reduced to an average price of $5.What does your Contribution Margin % have to be in order for you to make as much profit from the Happy Hour as you would have if you had not lowered your prices.
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