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Danilo and his wife operate a restaurant where they sell all their meals for $13.00 each. The markup on each meal is $4.50 and overhead expenses are 19.00% of cost. a. How much does it cost them to make each meal? Round to the nearest cent

Danilo and his wife operate a restaurant where they sell all their meals for $13.00 each. The markup on each meal is $4.50 and overhead expenses are 19.00% of cost. a. How much does it cost them to make each meal? Round to the nearest cent

Elementary Algebra
Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section3.2: Solve Percent Applications
Problem 3.35TI: Find the percent increase. (Round to the nearest tenth of a percent.) In 2011, the IRS increased the...
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Danilo and his wife operate a restaurant where they sell all their meals for $13.00 each. The markup on each meal is $4.50 and overhead expenses are 19.00% of cost. a. How much does it cost them to make each meal? Round to the nearest cent b. What is their operating profit per meal? Round to tre nearest ent c. Calculate the break-even price. Round to he nearest cent
Transcribed Image Text:Danilo and his wife operate a restaurant where they sell all their meals for $13.00 each. The markup on each meal is $4.50 and overhead expenses are 19.00% of cost. a. How much does it cost them to make each meal? Round to the nearest cent b. What is their operating profit per meal? Round to tre nearest ent c. Calculate the break-even price. Round to he nearest cent
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