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The LeAnn Family Restaurant is open 24 hour per day and serves breakfast, lunch, and dinner. The owner of the business has determined that fixed
The LeAnn Family Restaurant is open 24 hour per day and serves breakfast, lunch, and dinner. The owner of the business has determined that fixed costs are $24,000 per month. Variable costs were estimated at $9.60 per meal. The average total bill (excluding tax and tip) is $12 per customer. Compute the number of meals that must be served if the LeAnn Family Restaurant wishes to earn a profit of $6,000? Assume that fixed costs increase to $30,000. How many additional meals must be served if the restaurant wishes to earn the same profit?
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