Question
A vendor prepares 100.00 hotdogs every day and sells at $18.00 /piece. For each hot dog, he spends $10.00 in the raw material. Additionally he
A vendor prepares 100.00 hotdogs every day and sells at $18.00 /piece. For each hot dog, he spends $10.00 in the raw material. Additionally he spends $1.10 for packing each hotdog and monthly $49.00, $23.00, $12.00 as food truck rent, electricity and other expenses respectively. Lost sales are charged at $3.00 per lost sale. Leftover hotdogs can be sold for $3.
On a particular day in June 105.00 people came wanting to buy a hotdog. Determine the vendors profit for that day? Assume there are 30 days in the month.
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Answer format: Currency: Round to: 2 decimal places
You run a school in Florida. Fixed monthly cost is $5,271.00 for rent and utilities, $6,069.00 is spent in salaries and $1,643.00 in insurance. Also every student adds up to $103.00 per month in stationary, food etc. You charge $609.00 per month from every student now.
You are considering moving the school to another neighborhood where the rent and utilities will increase to $10,277.00, salaries to $6,790.00 and insurance to $2,062.00 per month. Variable cost per student will increase up to $169.00 per month. However you can charge $1,108.00 per student. At what point will you be indifferent between your current mode of operation and the new option?
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Answer format: Number: Round to: 0 decimal places.
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