What sentence represents this equation? 912=15−x 912 is the same as a number decreased by 15. 15 decreased by 912 is the same a
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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.