Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A Restaurant is open only for 25 days in a month. Expenses for the restaurant include raw material for each sandwich at $5.00 per slice,

A Restaurant is open only for 25 days in a month.

Expenses for the restaurant include raw material for each sandwich at $5.00 per slice, $1,001.00 as monthly rental and $376.00 monthly as insurance. They consider the cost of lost sales as $4.00 per item. They are able to sell any leftover sandwiches for $3. They prepares 200.00 sandwiches and sells them at a rate of $10.00/sandwich. Today there was a party at nearby office so the demand for sandwiches rose to 227.00. How much profit did the restaurant earn today?

Answer format: Currency: Round to: 0 decimal places.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Finance And Economics Discussion Series Is Learning By Exporting Important Micro Dynamic Evidence From Colombia Mexico And Morocco

Authors: United States Federal Reserve Board , Sofronis Clerides

1st Edition

1288722362, 9781288722365

More Books

Students also viewed these Finance questions