SOLUTION: A restaurant has a fixed costs of 137.50 per day and an average unit cost $4.75 for each meal served. If a typical meal cost $ 6 , how many customers must eat at the restuant each

Question 671603: A restaurant has a fixed costs of 137.50 per day and an average unit cost $4.75 for each meal served. If a typical meal cost $ 6 , how many customers must eat at the restuant each day for the owner to break even
Answer by mananth(16946) (Show Source): You can put this solution on YOUR website!
Let meals served be x
daily cost = 137.50+4.75x
Revenue= 6x
To break even they have to be equal.
137.50+4.75x=6x
137.50=6x-4.75x
137.50=1.25x
x= 137.50/1.25
x= 110 meals
RELATED QUESTIONS
A restaurant has fixed costs of $137.50 per day and an average unit cost of $4.75 for... (answered by richwmiller)

A restaurant has fixed costs of $143.75 per day and an average unit cost of $5.75 for... (answered by mananth,htmentor)

Can you please help me with this one? ** A restaurant has fixed costs of $137.50 per day (answered by Nate,anjnewman)

A restaurant has fixed costs of $148.75 per day and an average unit cost of $5.75 for... (answered by ikleyn)

A restaurant has fixed costs of $147.50 per day and an average unit cost of $5.75 for... (answered by ikleyn,Alan3354)

A restaurant has fixed costs of $147.50 per day and an average unit cost of $5.75 for... (answered by Boreal)

A restaurant has a fixed cost of $147.50 per day and an average unit cost of $5.75 per... (answered by ad_alta)

Can you please help me? I think it's a linear equation. Also, it would help if you put... (answered by josmiceli)

1.An executive invests $25,000, some at 6% and some at 5% annual interest. If he receives (answered by mananth)