Math Problem Statement
the startup cost for a restaurant is $120,000, and each meal costs $10 for the restaurant to make. If each meal is then sold for $15, after how many meals does the restaurant break even?
Solution
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Math Problem Analysis
Mathematical Concepts
Cost Analysis
Break-Even Point
Formulas
Total Cost = Fixed Costs + Variable Costs
Total Revenue = Selling Price * Quantity
Theorems
-
Suitable Grade Level
High School
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