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XYZ Corporation operates a chain of fast-food restaurants. The company's total fixed costs, including rent, utilities, and salaries, amount to $50,000 per month. The variable
XYZ Corporation operates a chain of fast-food restaurants. The company's total fixed costs, including rent, utilities, and salaries, amount to $50,000 per month. The variable costs per meal served, including the cost of ingredients and packaging, average $5 per meal. If the company aims to achieve a target profit of $20,000 per month and the selling price per meal is $10, calculate the number of meals it needs to sell and the total revenue required to reach the target profit.
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