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Bob's FoodMart is looking at adding ready-to-eat hot dogs to its food offerings. The needed equipment would cost Bob's FoodMart $16,725. Bob's figures it could
Bob's FoodMart is looking at adding ready-to-eat hot dogs to its food offerings. The needed equipment would cost Bob's FoodMart $16,725. Bob's figures it could sell the hot dogs for $2.78 each, and that variable costs (hot dogs, buns, and so forth) would average out to $1.70 per hot dog sold. Bob's does not want to invest in the new equipment unless projected profit is at least $7,683. How many hot dogs would Bob's have to sell to just meet this profit target? (Rounding: tenth of a hot dog.)
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