Can somebody please help me with this? I don't get this problem
1 answer:
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Answer: Restaurant's monthly breakeven point in sales is $31333.
Step-by-step explanation:
Since we have given that
Number of guests = 20,000
Average sales = $120,000
Contribution margin per guest = $1.50
Let the number of sales be 'x'.
Cost per sales would be
Margin contributed by 2000 guests would be
So, Revenue function would be
Fixed monthly cost = $ 50,000
Variable cost for 20000 guests = $90000
So, Variable cost per sale would be
So, Cost function would be
Breakeven point would be
Cost function = Revenue function
Hence, Restaurant's monthly breakeven point in sales is $31333.
An exponent is a number written above and to the right side of a value or number in math. The value or number is called the base, and the expression is read out as;
"Base raised to the power of exponent."
An example is given below;
In this example, 10 is the base and 3 is the EXPONENT.
The expression is now read out as,
"10 raised to the power of 3"
Note that even unknown values (such x as we commonly use in math) can also be an exponent or base. For example, we can have;
So basically, an exponent indicates the number of times a number is used to multiply itself.