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#11 ✪ A vendor prepares 100.00 hotdogs every day and sells at $18.00/piece. For each hot dog, he spends $13.00 in the raw material. Additionally he spends $1.45 for packing each hotdog and monthly $50.00, $24.00, $8.00 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 114.00 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. Show Hint

#11 ✪ A vendor prepares 100.00 hotdogs every day and sells at $18.00/piece. For each hot dog, he spends $13.00 in the raw material. Additionally he spends $1.45 for packing each hotdog and monthly $50.00, $24.00, $8.00 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 114.00 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. Show Hint

Economics Today and Tomorrow, Student Edition
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter5: Buying The Necessities
Section: Chapter Questions
Problem 20AA
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#11 ✪ A vendor prepares 100.00 hotdogs every day and sells at $18.00/piece. For each hot dog, he spends $13.00 in the raw material. Additionally he spends $1.45 for packing each hotdog and monthly $50.00, $24.00, $8.00 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 114.00 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. Show Hint
Transcribed Image Text:#11 ✪ A vendor prepares 100.00 hotdogs every day and sells at $18.00/piece. For each hot dog, he spends $13.00 in the raw material. Additionally he spends $1.45 for packing each hotdog and monthly $50.00, $24.00, $8.00 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 114.00 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. Show Hint
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