#12A vendor prepares 100.00 hotdogs every day and sells at $20.00/piece. For each hot dog, he spends $12.00 in the rawmaterial. Additionally he spends $1.00 for packing each hotdog and monthly $50.00, $20.00, $10.00 as food truck rent,electricity and other expenses respectively. Lost sale are taken as $1 per unhappy customer. Leftover hotdogs can besold for $5.00/piece. On a particular day in June it rained heavily so the vendor was able to sell only 80.00 hot dogs.Determine the vendor's profit for that day? Assume there are 30 days in the month.SubmitAnswer format: Currency: Round to: 2 decimal places.Show Hint

Calculation of the total revenue:80x20+$20+$5$1600+100= $1700Vendor's profit for that rainy day…

Answered: #12 A vendor prepares 100.00 hotdogs…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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