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Determine the city population required for a single circle

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Reference no: EM132822954

Customer-Level PlanningFixed costs per store $125,000/yearVariable cost ratio 0.60 Circle K, a company of Alimentation Couche-Tard, operates a number of convenience stores worldwide.

Assume that an analysis of operating costs, customer sales, and customer patronage reveals the following:

Average sale per customer visit $10.00

Average customer visits per week 2.00

Customers as portion of city population 0.05

Problem 1: Determine the city population required for a single Circle K to earn an annual profit of $75,000.

Reference no: EM132822954

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