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An entrepreneur who is planning to set up a restaurant estimates that the monthly costs of running the restaurant will be given by the formula C = 15000 + 2000n + 5m, where C is in dollars, n is the number of employees at the restaurant and m is the number of orders received in the month. He plans to start the restaurant with only 2 employees and to hire 1 new employee each month. He estimates that the average order value at his restaurant will be $50 and that the number of orders per month will increase by 10% month on month. If the estimated number of orders the restaurant receives in the first month of its existence is 1000, then as per this model, after how many months of operation will the restaurant first achieve a profit margin of 20% or more?a)1b)2c)3d)6e)Cannot be determinedCorrect answer is option 'A'. Can you explain this answer? for GMAT 2024 is part of GMAT preparation. The Question and answers have been prepared according to the GMAT exam syllabus. Information about An entrepreneur who is planning to set up a restaurant estimates that the monthly costs of running the restaurant will be given by the formula C = 15000 + 2000n + 5m, where C is in dollars, n is the number of employees at the restaurant and m is the number of orders received in the month. He plans to start the restaurant with only 2 employees and to hire 1 new employee each month. He estimates that the average order value at his restaurant will be $50 and that the number of orders per month will increase by 10% month on month. If the estimated number of orders the restaurant receives in the first month of its existence is 1000, then as per this model, after how many months of operation will the restaurant first achieve a profit margin of 20% or more?a)1b)2c)3d)6e)Cannot be determinedCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for GMAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for An entrepreneur who is planning to set up a restaurant estimates that the monthly costs of running the restaurant will be given by the formula C = 15000 + 2000n + 5m, where C is in dollars, n is the number of employees at the restaurant and m is the number of orders received in the month. He plans to start the restaurant with only 2 employees and to hire 1 new employee each month. He estimates that the average order value at his restaurant will be $50 and that the number of orders per month will increase by 10% month on month. If the estimated number of orders the restaurant receives in the first month of its existence is 1000, then as per this model, after how many months of operation will the restaurant first achieve a profit margin of 20% or more?a)1b)2c)3d)6e)Cannot be determinedCorrect answer is option 'A'. Can you explain this answer?.

Solutions for An entrepreneur who is planning to set up a restaurant estimates that the monthly costs of running the restaurant will be given by the formula C = 15000 + 2000n + 5m, where C is in dollars, n is the number of employees at the restaurant and m is the number of orders received in the month. He plans to start the restaurant with only 2 employees and to hire 1 new employee each month. He estimates that the average order value at his restaurant will be $50 and that the number of orders per month will increase by 10% month on month. If the estimated number of orders the restaurant receives in the first month of its existence is 1000, then as per this model, after how many months of operation will the restaurant first achieve a profit margin of 20% or more?a)1b)2c)3d)6e)Cannot be determinedCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for GMAT. Download more important topics, notes, lectures and mock test series for GMAT Exam by signing up for free.

Here you can find the meaning of An entrepreneur who is planning to set up a restaurant estimates that the monthly costs of running the restaurant will be given by the formula C = 15000 + 2000n + 5m, where C is in dollars, n is the number of employees at the restaurant and m is the number of orders received in the month. He plans to start the restaurant with only 2 employees and to hire 1 new employee each month. He estimates that the average order value at his restaurant will be $50 and that the number of orders per month will increase by 10% month on month. If the estimated number of orders the restaurant receives in the first month of its existence is 1000, then as per this model, after how many months of operation will the restaurant first achieve a profit margin of 20% or more?a)1b)2c)3d)6e)Cannot be determinedCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of An entrepreneur who is planning to set up a restaurant estimates that the monthly costs of running the restaurant will be given by the formula C = 15000 + 2000n + 5m, where C is in dollars, n is the number of employees at the restaurant and m is the number of orders received in the month. He plans to start the restaurant with only 2 employees and to hire 1 new employee each month. He estimates that the average order value at his restaurant will be $50 and that the number of orders per month will increase by 10% month on month. If the estimated number of orders the restaurant receives in the first month of its existence is 1000, then as per this model, after how many months of operation will the restaurant first achieve a profit margin of 20% or more?a)1b)2c)3d)6e)Cannot be determinedCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for An entrepreneur who is planning to set up a restaurant estimates that the monthly costs of running the restaurant will be given by the formula C = 15000 + 2000n + 5m, where C is in dollars, n is the number of employees at the restaurant and m is the number of orders received in the month. He plans to start the restaurant with only 2 employees and to hire 1 new employee each month. He estimates that the average order value at his restaurant will be $50 and that the number of orders per month will increase by 10% month on month. If the estimated number of orders the restaurant receives in the first month of its existence is 1000, then as per this model, after how many months of operation will the restaurant first achieve a profit margin of 20% or more?a)1b)2c)3d)6e)Cannot be determinedCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of An entrepreneur who is planning to set up a restaurant estimates that the monthly costs of running the restaurant will be given by the formula C = 15000 + 2000n + 5m, where C is in dollars, n is the number of employees at the restaurant and m is the number of orders received in the month. He plans to start the restaurant with only 2 employees and to hire 1 new employee each month. He estimates that the average order value at his restaurant will be $50 and that the number of orders per month will increase by 10% month on month. If the estimated number of orders the restaurant receives in the first month of its existence is 1000, then as per this model, after how many months of operation will the restaurant first achieve a profit margin of 20% or more?a)1b)2c)3d)6e)Cannot be determinedCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice An entrepreneur who is planning to set up a restaurant estimates that the monthly costs of running the restaurant will be given by the formula C = 15000 + 2000n + 5m, where C is in dollars, n is the number of employees at the restaurant and m is the number of orders received in the month. He plans to start the restaurant with only 2 employees and to hire 1 new employee each month. He estimates that the average order value at his restaurant will be $50 and that the number of orders per month will increase by 10% month on month. If the estimated number of orders the restaurant receives in the first month of its existence is 1000, then as per this model, after how many months of operation will the restaurant first achieve a profit margin of 20% or more?a)1b)2c)3d)6e)Cannot be determinedCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice GMAT tests.