Question
#11 A vendor prepares 100.00 hotdogs every day and sells at $21.00 /plece. For each hot dog, he spends $10.00 in the raw material.
#11 A vendor prepares 100.00 hotdogs every day and sells at $21.00 /plece. For each hot dog, he spends $10.00 in the raw material. Additionally he spends $1.45 for packing each hotdog and monthly $40.00, $23.00, $9.00 as food truck rent electricity and other expenses respectively. Lost sales are charged at $6.00 per lost sale. Leftover hotdogs can be sold for $3. On a particular day in June 112.00 people came wanting to buy a hotdog. Determine the vendor's profit for that day? Assume there are 30 days in the month. Submit Answer format: Currency: Round to: 2 decimal places.
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The total revenue for the vendor on that day is 100 hotdogs 2100hotdog 210000 The total cost of ra...Get Instant Access to Expert-Tailored Solutions
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Introduction To Probability And Statistics
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