Goal

• Identify indicator words in and learn the four steps for solving application problems.
• Describe, read, round and write decimal numbers.

www.subway.com

Facts:

• 1965: Firststoreopened in Connecticut
• 1974: Firststore franchised to an individual
• 1995: Supports cancerresearch
• 2018: More restaurants than anyother restaurant chain

With the help of a family friend, seventeen-year-old Fred DeLucaopened the first Subway store in 1965. DeLuca believed in using only the freshest ingredients and drove many miles each week in his Volk-swagen bug to buy fresh produce. Later, management decided to"give back" to the community and now supports research related toboth heart disease and cancer.

Profitmargins are surprisingly small in most businesses, so managers must work very hardto control costs. A primary responsibility of a store manager at Subway is to control costs. Ofcourse, the store manager is also responsible for many issues related to employees, the qualityof food and service, and also sales.

• Jessica Fernandez is the manager of a Subway store. Find the total of an invoice with thefollowing costs: produce, $486.12; meat and cheese, $1236.14; bread dough, $364.76;shipping charges, $103.75. What aspects of this information is helpful and needed as a storemanager?
• One employee worked the following hours during the week: Thursday, 3.5 hours; Friday,4.5 hours; Saturday, 6 hours; and Sunday, 5.5 hours. He is paid $8.65 per hour. Find thetotal number of hours worked and the pay for the week rounded to the nearest cent. Where is the best place to have this kind of information? and why?
• Fernandez notes that meat and cheese costs went up from $1864.92 last week to $2065.48this week and attributes it to additional customers. Find the difference between the two. Ifthe average cost of meat and cheese per sub sandwich is $.94, estimate the number of additional customers this week compared to last week, rounded to the nearest whole number.
• If sales increase by $1500 in a week, do you think profit for the week willalso increase by about $1500? Why or why not?
• What other factors as a store manager are needed to be successful in this position?
• Explore the website and provide any additional information you may find useful to this discussion..