Question: The chef at the Crescent Cafe is adding a new sandwich to the menu. Sales data from a similar menu item indicates that if the

The chef at the Crescent Cafe is adding a new sandwich to the menu. Sales data from a similar menu item indicates that if the chef charges x dollars per sandwich, she will sell -20x + 490 of the new sandwiches in the first month of their introduction. The cost to make each of the new sandwiches is $3. So the chef will earn x - 3 dollars in profit per sandwich. Which equation can the chef use to predict the price she can charge per sandwich to earn $2,000 in profit that first month? To the nearest dollar, what is the lowest price the chef can charge per sandwich to earn $2,000 in profit that first month

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 Mathematics Questions!

This is business writing: clear and to the point. Literary and dramatic embellishments are unwelcome. Use terminology, grammar and punctuation correctly. Treat this as if you are working for the...

MGT 489 Beanz Coffee: Point of View Analysis 1 The analysis is meant to be an exercise to be performed by you on the case at hand. You identify a problem and work it through with the information you...

1.Analyze the five-forces for the fast food restaurant industry. a)The bargaining power of customers or buyers b)The bargaining power of suppliers c)The threat of substitution d)The threat of new...

1. Analyze the five-forces for the fast food restaurant industry. what about all companies in the industry, do they face the same pressures? How do firms survive the competition? Here is the reading:...

1. What factors in the General Environment have affected the restaurant industry since McDonald's founding? What impact have they had on competitors and McDonald's in particular? McDonald's (in...

What is the WACC for Cheesecake Factory as of 12/29/09 (using the Capital Asset Pricing Model to determine the cost of equity)?At that time, Cheesecake Factory's stock had a Beta of 1.25 and used a...

How does McDonald's create value for its customers? What are its key success factors? Here is the reading: McDonald's (in 2013): How to Win Again? FEBRUARY 24, 2013. Don Thompson looked over the 2012...

Prepare a three (3) year forecast of estimated future cash flows for you company and give valid economic/business reasons for your projections. This means you will have a statement of incremental...

I want a case study on Hasen Restaurant to include summary, 3 long and 5 short term issues, SWOT analysis, PORTERS FIVE analysis, 3 short and 2 long term alternatives, implementation, monitor and...

Evaluate 1 1-2 JJ xy e dy dx

Calculate the cash dividends 1 Company name: Cypress Inc. You are the accountant for Cypress Inc. and need to determine how the cash dividends declared by Cypress's board of directors should be...

Which of the following business forms may be tax conduits? General partnership General partnership Limited partnership Publicly traded C corporation S corporation A ) I, II , and IV B ) I and IV C )...

Using data from FRED, plot the series "Moody's Seasoned Aaa Corporate Bond Yield", representing the borrowing cost for companies with high credit ratings, and "Moody's Seasoned Baa Corporate Bond...