\begin{tabular}{l|lr} \hline Selling Price & $ & 10.00 \\ \hline & & \\ \hline Kitchen Rental & $ & 400.00 \\ \hline Insurance & $ & 85.00 \\ \hline Licensing & $ & 100.00 \end{tabular} Sandwiches Sold/Day Spending Money: Jim runs a Cuban-style food truck in St. Louis. His specialty item is Cuban sandwiches, made with 3 oz. of roast pork, 3 oz. of smoked ham, 1/3rd of a sliced baguette, and 1 piece of Swiss cheese. In order to make them, Jim buys a pork shoulder for $1.49/lb., and ham for $2.66/lb., 100 slices of cheese for $38.50, and baguettes at $1.40 a loaf. The sandwich sells for $10. Jim also has to pay $400 a month rent for a commercial kitchen space, $85 a month in business insurance, and $100 a month in licensing costs. Question \#1: How much does Jim make (gross) on each sandwich that he sells? (Hint: calculate the Cost of Goods Sold - i.e., the amount it costs to make one sandwich - then subtract that from the selling price). You'll need to convert lbs. to oz. for this one. Question \#2: How many sandwiches a month does Jim need to sell in order to cover the fixed costs of running the business? Assuming that he sells an average of 30 sandwiches a day, how many days will it take? Question \#3: Because Jim is paid depending on what the business makes - keeping a share of the (net) profit that remains after paying the business's expenses - he does not receive a salary. However, in order to pay his personal expenses and live the kind of life that he wants, his goal is to make $3,000 a month. How many sandwiches does Jim need to sell in order to do so? How many days does he need to work every month