You are the owner of a family diner in Colorado. You have made the goal to make $140,000 a year in profit. You have the following costs:

• Fixed costs of $2,800 a month
• 32% variable costs

The tax rate is 8%

(1) What is the net profit before tax?

(2) What is the contribution margin %?

(3)What is the contribution margin (gross profit)?

(4)What is the revenue you need to generate to reach above goals?