walk into a competitors restaurent and notice a popular wine is selling $25. call up your supplier(wine whole seller) and learn that the cost price for that wine is what mark up % is the competition using to calculate the retail price

Using the concept of relevant costs over the five-year period, which model would be the best investment? (Note: In your calculations, ignore c. The customer does not want to pay more than $13.75 per person for this function. She is a good customer; she has booked many functions in the banquet room in the past and is expected to do so in the future. will be able to book the room for any other function. Explain why you The function is three days from now, and there is no likelihood you would, or would not accept the $13.75 per-person price. (Note: Assume that the hotel has only one banquet room.) COST MANAGEMENT any costs that are not relevant.) P72 The fixed cost of the banquet department of a hotel is $350 a day. A cus tomer selected a menu for 100 persons that would have a food cost of $6.50 per person, a variable wage cost of $2.75 per person, and other vari - able costs of $1.25 per person. 2. Calculate the total cost per person if this banquet were booked. b. What should be the total selling price (sales revenue) and the price per person if a 20% operating income on sales revenue is wanted? P7.3 You have the follow implex