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Wynn Buffets Declining Market During the COVID-19 Pandemic Note: One unit = One buffet Pre-Pandemic Jul-20 Aug-20 Sep-20 Market Demand $20,000,000.00 $500,000,000 $625,000,000 $781,250,000 Questions
Wynn Buffets Declining Market During the COVID-19 Pandemic Note: One unit = One buffet Pre-Pandemic Jul-20 Aug-20 Sep-20 Market Demand $20,000,000.00 $500,000,000 $625,000,000 $781,250,000 Questions to Answer Market Share 5.00% 4.00% 3.20% 2.56%) 1 What is the overall buffet market demand for June, July, and August? Volume Sold 1,000,000 2 What volume of buffets does Wynn sell for June, July, and August? Unit Price $1001 Unit Cost $80 $801 $80 $801 Unit Margin $200 Total Revenues ($ millions) $100,000,000 Total Gross Profit ($ millions) $20,000,000
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