If labor costs are $100,000, food cost is $100,000, and overhead is $40,000, what will the total budget be after a 10% increase in labor, 5% in food, and 2% in overhead?

To find the total budget after the specified increases, we need to calculate the new amounts for labor, food, and overhead costs based on their respective increases.

1. Labor Costs: Starting with $100,000, a 10% increase adds $10,000 (which is 10% of $100,000), bringing the new labor cost to $110,000.

2. Food Costs: The original food cost is also $100,000. A 5% increase adds $5,000 (5% of $100,000), bringing the new food cost to $105,000.

3. Overhead Costs: The original overhead is $40,000. A 2% increase adds $800 (which is 2% of $40,000), leading to a new overhead cost of $40,800.

Now, we simply add these new costs together:

• New Labor Cost: $110,000

• New Food Cost: $105,000

• New Overhead Cost: $40,800

Adding these sums up:

$110,000 + $105,000 + $40,800 = $255,800.

Thus, the total budget after the increases