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#18 A Restaurant is open only for 25 days in a month. Expenses for the restaurant include raw material for each sandwich at $6.00 per slice, $1,192.00 as monthly rental and $278.00 monthly as insurance. They consider the cost of lost sales as $5.00 per item. They are able to sell any leftover sandwiches for $3. They prepares 200.00 sandwiches and sells them at a rate of $13.00/sandwich. Today there was a party at nearby office so the demand for sandwiches rose to 210.00. How much profit did the restaurant earn today? Submit Answer format: Currency: Round to: 0 decimal places. Show Hint

#18 A Restaurant is open only for 25 days in a month. Expenses for the restaurant include raw material for each sandwich at $6.00 per slice, $1,192.00 as monthly rental and $278.00 monthly as insurance. They consider the cost of lost sales as $5.00 per item. They are able to sell any leftover sandwiches for $3. They prepares 200.00 sandwiches and sells them at a rate of $13.00/sandwich. Today there was a party at nearby office so the demand for sandwiches rose to 210.00. How much profit did the restaurant earn today? Submit Answer format: Currency: Round to: 0 decimal places. Show Hint

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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#18 A Restaurant is open only for 25 days in a month. Expenses for the restaurant include raw material for each sandwich at $6.00 per slice, $1,192.00 as monthly rental and $278.00 monthly as insurance. They consider the cost of lost sales as $5.00 per item. They are able to sell any leftover sandwiches for $3. They prepares 200.00 sandwiches and sells them at a rate of $13.00/sandwich. Today there was a party at nearby office so the demand for sandwiches rose to 210.00. How much profit did the restaurant earn today? Submit Answer format: Currency: Round to: 0 decimal places. Show Hint
Transcribed Image Text:#18 A Restaurant is open only for 25 days in a month. Expenses for the restaurant include raw material for each sandwich at $6.00 per slice, $1,192.00 as monthly rental and $278.00 monthly as insurance. They consider the cost of lost sales as $5.00 per item. They are able to sell any leftover sandwiches for $3. They prepares 200.00 sandwiches and sells them at a rate of $13.00/sandwich. Today there was a party at nearby office so the demand for sandwiches rose to 210.00. How much profit did the restaurant earn today? Submit Answer format: Currency: Round to: 0 decimal places. Show Hint
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