Suppose That the Costs of Operating a Certain Restaurant Increase

question 25

Multiple Choice

Suppose that the costs of operating a certain restaurant increase by the following amounts: food: 4%, labor: 5%, electricity: 3%, taxes: 2%, repairs and maintenance: 4%. By how much have the costs of operating the restaurant increased?

• A) 18%
• B) Less than 5%.
• C) The modal average of the increases for these five items.
• D) Less than 2%.
• E) More than 18%.

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