the food sales of $600,000 is only 95% of total revenue. The equation is .95x = 600,000. need to solve x for total sales.

Problem 3 The Robinson Diner, managed by Ina Fay, assistance in preparing its 20x8 operating budget, Since the diner is a sole proprietorship, it will not pay income taxes. She provides the following information: Food sales- estimated $600,000 5% of total revenue Variable" Expenses: $100,000 Cost of sales Supplies 10,000 5,000 Marketing 10,000 Property taxes 15,000 Depreciation Property insurance "As a percentage of food sales. Prepare the operating budget for 20x8