Chapter 6,Question 8 Ming has recently inherited the Quick Wok restaurant started by her parents . It is located in a busy stnp shopping area surrounded by many ofce complexes , but it is also near many quick -sen.rice restaurants. The Quick Wok has been successful because of the quality of its food. but Ming feels that it could do even better at lunchtime if she could create a value meal option to appeal to the price conscious consumer . Because both a McDonald's and a Wendy's are within a quarter mile of her store, she has determined that her own value meal menu item needs to be priced at $1.00. She creates a stir fry dish that . when served with white rice . has a portion cost of 65 cents . Her beverages have a cost of 20 cents. The beverages already sell for $1.00 each. and she does not want to raise this price . She believes she could sell 75 of the new value meals per day if she otters the stir-try dish at $1.00. As well . she seeks an overall product cost percentage of 35 percent .From historical data . she news that 80 percent of her customers purchase a drink with their meals. Value Meal and Beverage Number Item Total Selling Total Food m _m- - Answer : 150 60=90 90 more drinks need to be sold Not teasible because the beverage is twice as much as the guest numbers .Not every guest will order drinks