Solved: What must the average food service check be to break even, Finance Basics

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What must the average food service check be to break even

Problem: Nathan and Kylie Morse have invested $500000 in N&K's Place. Their projected costs and activities are as follow:

Variable costs              60%
Monthly fixed costs    $30,000
Monthly covers sold    10000
Average tax rate          20%

Q1. What must the average food service check be to break even?

Q2. If a monthly profit of $5000 is to be earned, what must the average food service check be?

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Finance Basics: What must the average food service check be to break even

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Finance Basics: What must the average food service check be to break even

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