Business expenses The owner of an ice cream franchise must pay the parent company $1000 per month plus 5% of the monthly revenue R. Operating cost of the franchise includes a fixed cost of $2600 per month for items such as utilities and labor. The cost of ice cream and supplies is 50% of the revenue.
(a) Express the owner’s monthly expense E in terms of R.
(b) Express the monthly profit P in terms of R.
(c) Determine the monthly revenue needed to break even.
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