The Loft Is an Upscale Lounge That Caters to Young

question 17

Multiple Choice

The Loft is an upscale lounge that caters to young professionals who enjoy drinks after work in a casual and comfortable setting. The Loft has a specialty cocktail menu with items that its owner and head bartender, Stefan Young, created. All cocktails on the specialty menu are $15 each and include a variety of alcohol or liquors and are "hand-crafted" with ingredients such as egg whites, orange blossom water, lemon juice, lime juice, and simple syrup. Stefan has priced his cocktails so that he earns a 70% profit margin on each sale. Thus, the total costs to prepare each specialty cocktail are 30% of the retail price. Last month, Stefan sold 1,250 specialty cocktails. How much profit did Stefan's Loft business earn on the sale of specialty cocktails?

• A) $13,125
• B) $5,625
• C) $6,500
• D) $11,500
• E) $10,725

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Legal processes aimed at dissolving a company, partnership, or other entity, effectively bringing its operations and legal existence to an end.

Abuse of Corporate Powers

Unethical or illegal use of company authority for personal gain or to manipulate or harm others.

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