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Calculate percent profit breakeven metric for price change

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Question: A vendor on Peachtree sells bratwurst hot dogs for $4.15. His cart is open from 9 - 5, Monday through Friday. His variable costs average $0.65 per hot dog (depending mostly on toppings and condiments). He is considering a price increase to $4.65.

Calculate the percent profit breakeven metric for this price change. Report your answer as a percentage (whole number) and round to the nearest percentage point.

Reference no: EM132748097

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