Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

A restaurant prepares 200.00 pizza slices and sells them at a rate of $12.00/slice. Expenses for the restaurant include raw material for pizza at $4.00

image text in transcribed
A restaurant prepares 200.00 pizza slices and sells them at a rate of $12.00/slice. Expenses for the restaurant include raw material for pizza at $4.00 per slice, $106.00 for monthly rental and monthly insurance of $32.00 Lost sale are taken as $500 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 229.00 slices. How much profit could the restaurant eam today? Submit Answer format: Currency Round to: O decimal places A vendor prepares 100.00 hotdogs every day and sells at $20.00 /piece. For each hot dog, he spends $13.00 in the raw material Additionally he spends $1.54 for packing each hotdog and monthly $44.00 $19.00, $10.00 as food truck rent, electricity and other expenses respectively Lost sales are charged at $400 per lost sale Leftover hotdogs can be sold for $3 On a particular day in June 109.00 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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions