Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A restaurant prepares 200.00 pizza slices and sells them at a rate of $11.00/slice. Expenses for the restaurant include raw material for pizza at $6.00
A restaurant prepares 200.00 pizza slices and sells them at a rate of $11.00/slice. Expenses for the restaurant include raw material for pizza at $6.00 per slice, $116.00 for monthly rental and monthly insurance of $24.00. Lost sale are taken as $5.00 per unhappy customer. Leftover pizza can be sold for $2.00. The restaurant is open only for 25 days in a month. Today there was a party at nearby office so the demand for pizza went up to 224.00 slices. How much profit could the restaurant earn today?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started