Ming has recently inherited the Quick Wok restaurant started by her parents. 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\mathrm{.}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\mathrm{.}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 offers the stir$$fry dish at $$1\mathrm{.}00.$ As well, she seeks an overall product cost percentage of $35$ percent. From historical data she knows that $80$ percent of her customers purchase a drink with their meals.

Value Meal and Beverage

Menu Item

Number Sold

Item Cost

Total Cost

Selling Price

Total Sales

Food Cost $\%$

Stir$$fry dish

$75$

Beverage

Total

Based on the information given, please answer the following few questions.

What many beverages ming could sell?

What is the Total Cost for Stir$-$fry dish? $,$ and for Beverage?

What is the Food Cost $\%$ for Stir$-$fry dish and beverage?

How much is the Total Sales including Stir$-$fry dish and Beverage?

What is the total food cost $\%$ for this value meal?

Would you advising Ming to $"$go for it$"?$ Yes or No$?$