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What would be the gross profit margin for the dish

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Reference no: EM132557765

Question - The following information is relevant to question 1 to 2

A typical 10 night package incurs the following costs

Transportation: £2,000 per package (Inclusive of VAT)

Accommodation: £120 per person per night

Food and Beverage: £25 per person per night

Insurance:£150 per person per package

Administration:£1,500

1. What are the total variable costs per person per package [excluding VAT]?

2. Assuming that a maximum of 80 people can be accommodated on each package, what are the total costs per person per package [excluding VAT]?

3. A dish has a cost of £2.95 and a selling price of £11.80 including VAT. What would be the gross profit margin for the dish?

4. A hotel offers a room at a discounted rate for three nights, the variable costs for the room are £34.75 per night. The selling price including VAT is £90 per night. If a customer purchases 3 rooms for three nights what would be the total contribution generated from the sale?

Reference no: EM132557765

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