Question
The current average weekly trading results of the Swish Restaurant in Sumtown are shown below: (R) (R) Turnover 2 800 Operating costs: Materials 1 540
The current average weekly trading results of the Swish Restaurant in Sumtown are shown below:
(R) (R)
Turnover 2 800
Operating costs:
Materials 1 540
Power 280
Staff 340
Building occupancy costs 460 2 620
Profit ` R180
The average selling price of each meal is R4, materials and power may be regarded as a variable cost that varies with the number of meals provided. Staff costs are semi-variable with a fixed cost element of R200 per week; the building occupancy costs are all fixed.
Calculate the number of meals required to be sold in order to earn a profit of R300 per week?
A. | 660 | |
B. | 880 | |
C. | 700 | |
D. | 800 |
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