#11 A vendor prepares 100.00 hotdogs every day and sells at $21.00 /plece. For each hot...
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#11 A vendor prepares 100.00 hotdogs every day and sells at $21.00 /plece. For each hot dog, he spends $10.00 in the raw material. Additionally he spends $1.45 for packing each hotdog and monthly $40.00, $23.00, $9.00 as food truck rent electricity and other expenses respectively. Lost sales are charged at $6.00 per lost sale. Leftover hotdogs can be sold for $3. On a particular day in June 112.00 people came wanting to buy a hotdog. Determine the vendor's profit for that day? Assume there are 30 days in the month. Submit Answer format: Currency: Round to: 2 decimal places. #11 A vendor prepares 100.00 hotdogs every day and sells at $21.00 /plece. For each hot dog, he spends $10.00 in the raw material. Additionally he spends $1.45 for packing each hotdog and monthly $40.00, $23.00, $9.00 as food truck rent electricity and other expenses respectively. Lost sales are charged at $6.00 per lost sale. Leftover hotdogs can be sold for $3. On a particular day in June 112.00 people came wanting to buy a hotdog. Determine the vendor's profit for that day? Assume there are 30 days in the month. Submit Answer format: Currency: Round to: 2 decimal places.
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The total revenue for the vendor on that day is 100 hotdogs 2100hotdog 210000 The total cost of ra... View the full answer
Related Book For
Introduction To Probability And Statistics
ISBN: 9781133103752
14th Edition
Authors: William Mendenhall, Robert Beaver, Barbara Beaver
Posted Date:
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