Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A vendor prepares 100.00 hotdogs every day and sells at $22.00 /piece. For each hot dog, he spends $13.00 in the raw material. Additionally he
A vendor prepares 100.00 hotdogs every day and sells at $22.00 /piece. For each hot dog, he spends $13.00 in the raw material. Additionally he spends $1.83 for packing each hotdog and monthly $49.00, $21.00, $13.00 as food truck rent, electricity and other expenses respectively. Lost sales are charged at $4.00 per lost sale. Leftover hotdogs can be sold for $3.
On a particular day in June 111.00 people came wanting to buy a hotdog. Determine the vendors profit for that day? Assume there are 30 days in the month.
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