Round answers in 2nd decmial place Sonia intends to sell a cheese burger meal with a drink. It costs her P 25 per meal, and theowner of the space charged her P 250 per day for the place. P 25 & P 100 for the water andelectricity respectively were charged to her daily as well.a. Determine the price of her meal if it needs 15 meals to recover all her expenses.b. Determine the profit if the income becomes equal to the total expenses, and if 20 mealswere sold.c. Determine the profit or loss if she sold a total of 10 meals for P45 price per meal.

Profit is the amount of money earned after deducting all the outlays from the incomes.

Answered: Sonia intends to sell a cheese burger…

Individual Income Taxes

43rd Edition

ISBN:9780357109731

Author:Hoffman

Publisher:Hoffman

Chapter9: Deductions: Employee And Self- Employed-related Expenses

Section: Chapter Questions

Problem 49P

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