You have been pondering opening a food cart, as one does in this city. You will only be open for lunch and expect to charge $5.00 per meal. Food carts usually have a 5X on food costs so you expect to charge five times the food cost. You expect to sell 100 lunches for each of the 200 days you will be open in the next year.
What is the highest monthly rent you can support and still break even? Assume you will be open all 12 months of the year.