Business expenses The owner of an ice cream franchise must pay the parent company $1000
Chapter 2, Problem 2.3.63(choose chapter or problem)
Business expenses The owner of an ice cream franchise must pay the parent company $1000 per month plus 5% of the monthly revenue R. Operating cost of the franchise includes a fixed cost of $2600 per month for items such as utilities and labor. The cost of ice cream and supplies is 50% of the revenue.(a) Express the owners monthly expense E in terms of R.(b) Express the monthly profit P in terms of R.(c) Determine the monthly revenue needed to break even.
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