Problem
The amounts charged to Mr Milligan for the dinner were:
$50.00 per adult
$20.00 per child
$82.00 wine
$35.00 special cake order
i. Calculate the total cost of Mr Milligan's bill.
ii. Considering that wages are 33%, cost of goods sold is 30%, overheads 25%, what is the profit margin for this dinner?
iii. Considering the cost of compensation what is the profitability of this sale?