To earn some money, John is thinking of starting up a Back-Yard BBQ stand at his university

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To earn some money, John is thinking of starting up a “Back-Yard BBQ” stand at his university campus this summer. The basic “BBQ” equipment will cost $2690 and the variable cost (VC) for each “BBQ Meal” is estimated to be $6.75. He thinks he will be able to sell each “BBQ Meal” for $10.00.

(a) What is the break-even quantity of “BBQ Meals” for John’s “Back-Yard BBQ” stand?

(b) If John’s goal for profit is $2500 for his fall semester tuition, how many “BBQ Meals” would he need to sell in the summer to reach his goal?

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Contemporary Business Mathematics With Canadian Applications

ISBN: 9780135285015

12th Edition

Authors: Ali R. Hassanlou, S. A. Hummelbrunner, Kelly Halliday

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