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

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Suitable Grade Level

High School