In March this year Mr. Monteagudo s restaurant achieved sales of $108,000.00. Mr. Monteagudo s menu prices are 5% are higher than they were last year. Last year s March sales were $100,000.00. After accounting for the increase in menu prices, what was the real change in revenue experienced by Mr. Monteagudo s restaurant?

Question

Jamison Lyons

Business

13 February, 03:07

In March this year Mr. Monteagudo s restaurant achieved sales of $108,000.00. Mr. Monteagudo s menu prices are 5% are higher than they were last year. Last year s March sales were $100,000.00. After accounting for the increase in menu prices, what was the real change in revenue experienced by Mr. Monteagudo s restaurant?

+4

Answers (1)

Know the Answer?

Clay Dillon · Answer 1

8%

Explanation:

108 000-100 000/100 000

=0.08

0.08*100=8%

The revenue in the previous ($100 000) and current year ($108 000) for March was given so the increase percentage in menu price (5%). So the real revenue of change from the previous to current year can be calcualted (see calculations above)