Wings Diner has a box lunch that it sells on football game days at the local uni

Question

Wings Diner has a box lunch that it sells on football game days at the local university. Each box lunch sells for $11, which includes $3.00 variable costs and $3.00 fixed costs, plus a $5 markup. What is the lowest price Wings can sell its box lunch so that Wings will still make a profit? (Round your answer to 2decimal places.)

Wings Diner has a box lunch that it sells on football game days at the local university. Each box lunch sells for $11, which includes $3.00 variable costs and $3.00 fixed costs, plus a $5 markup. What is the lowest price Wings can sell its box lunch so that Wings will still make a profit? (Round your answer to 2decimal places.)

Explanation / Answer

Break even where wings have no profit and loss = 3 + 3 = $ 6 per unit

so lowest price should be above $ 6 per unit

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