Question: final answer should be rounded 2 decimal places A vendor prepares 100.00 hotdogs every day and sells at $21.00/ piece. For each hot dog, he

final answer should be rounded 2 decimal places
final answer should be rounded 2 decimal places A vendor prepares 100.00

A vendor prepares 100.00 hotdogs every day and sells at $21.00/ piece. For each hot dog, he spends $11.00 in the raw material. Additionally he spends $0.86 for packing each hotdog and monthly $59.00,$21.00,$11.00 as food truck rent, electricity and other expenses respectively. Lost sales are charged at $4.00 per lost sale. Leftover hotdogs can be sold for $3. On a particular day in June 113.00 people came wanting to buy a hotdog. Determine the vendor's profit for that day? Assume there are 30 days in the month. Answer format: Currency: Round to: 2 decimal places

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!