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please help with 1a, 1b, 1c El Charro Food Truck is a Mexican Food Truck that specializer in Mexican Strect Food. The owner is considering
please help with 1a, 1b, 1c
El Charro Food Truck is a Mexican Food Truck that specializer in Mexican Strect Food. The owner is considering introdocing a poplar Mecican street food item, Elotes. Elotes is Spicy Grilied Mexican Street Coen and they are considering it because a lot of people bave been asking for it. They decided to sell a family size Elotes bowl. Before they introdoce their. Elotes, they want to run some numbers to make sure it will be a good financial decision. As such, they asked you to help thern with their numbers. Here are numbers they noed belp with. Owner's Salary: $5,000 Com on the Cob: $2 Vilities 51000 Clantra: 50.40 Food Truck Rental: $8,000 Equipment $6,000 Mayontialse 51.60 secret ingedient $3.00 wager paid per Eletes: 53,00 in Connecticut. The company plans to use penetratios pricing and as such decides to sell thsir Elotes for 80n of the average price of ebocolate sold in Conecticut. They also project that they will be sble to sell the equiralent of is of the Fletes sold in Connceticut. Use the Bumbers provided above to answer questions below. Make sure that you show all formulas and aiso show all your caleulations since there will be points awarded for the formula and calculations. Formulas are attached to the back of this test. 1. The company wans you to calculate (20 points): a. How many Elotes boxes they necd to sell to break even. b. The value (in dollan) of the number of Elotes bokes they need to sell to betak even. c. What proportion of market share will they be capturing if all they do is sell cnough Elotes to break even Step by Step Solution
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