Last year a manager’s operation achieved a 28% labor cost on sales of $1,500,000. For next year, the manager anticipates an 8% increase in the prices he will pay for labor. The manager will also increase

Last year a manager’s operation achieved a 28% labor cost on sales of $1,500,000. For next year, the manager anticipates an 8% increase in the prices he will pay for labor. The manager will also increase her menu prices by 5%. What should be the manager’s best estimate for next year’s labor cost percentage?

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Last year a manager’s operation achieved a 28% labor cost on sales of $1,500,000. For next year, the manager anticipates an 8% increase in the prices he will pay for labor. The …

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