How does increase the price of each burger

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Reference no: EM131763938

Question: Hamburger Bob company is a hamburger concession business operating at 5 stores. it sells burgers, with all the fixings for $7.5 each. Variable costs are $5.5 per burger, and fixed operating costs are $800,000 per year.

Assume that Hamburger Bob is currently operating at break-even sales and cannot increase the number of burgers sold, how much they should increase the price of each burger in order to achieve a target net income of $100,000.

Reference no: EM131763938

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