Question
You are thinking of opening a restaurant that will have six four-person tables. Each day that the restaurant is open, there are two lunch seatings
You are thinking of opening a restaurant that will have six four-person tables. Each day that the restaurant is open, there are two lunch seatings and three dinner seatings.
a. The restaurant will be closed on Monday.
b. The average lunch check is $20 and you earn a 40 percent profit margin on lunch checks.
c. The average dinner check is $40 and you earn 50 percent profit margin on dinner checks.
d. Assume the fixed cost of running a restaurant is $400,000 per year
Assuming 364 days in a year, use a data table to show how annual profit changes as percentage of seats filled at each meal varies between 10 percent and 100 percent.
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