A young chef is considering opening his own sushi bar.To do so,he would have to quit his current job,which pays $20,000 a year,and take over a storage building he owns and currently rents for $6,000 a year.His expenses at the sushi bar would be $50,000 for food and $2,000 for gas and electricity._____ is the minimum revenue he must earn per year in order for it to be worth his while to open his sushi bar.
A)$26,000
B)$66,000
C)$78,000
D)$52,000
E)$72,000

Question

Quizplus · Accepted Answer

To calculate the minimum revenue needed, add the chef's current salary ($20,000), the rental income he would forego ($6,000), and the new expenses for food ($50,000) and utilities ($2,000), totaling $78,000.

A Young Chef Is Considering Opening His Own Sushi Bar