A food cart prepares 150 sandwiches every day and sells them at $15/piece. For each sandwich, they spend $8 on ingredients. Additionally, they spend $0.75 for packaging each sandwich and monthly $60, $25, and $15 for cart rent, utilities, and miscellaneous expenses respectively. Lost sales are charged at $1.50 per unhappy customer. Leftover sandwiches can be sold for $4/piece. On a particularly cold day in December, they were able to sell only 120 sandwiches. Determine the vendor's profit for that day. Assume there are 30 days in the month.
A food cart prepares 150 sandwiches every day and sells them at $15/piece. For each sandwich, they spend $8 on ingredients. Additionally, they spend $0.75 for packaging each sandwich and monthly $60, $25, and $15 for cart rent, utilities, and miscellaneous expenses respectively. Lost sales are charged at $1.50 per unhappy customer. Leftover sandwiches can be sold for $4/piece. On a particularly cold day in December, they were able to sell only 120 sandwiches. Determine the vendor's profit for that day. Assume there are 30 days in the month.
Chapter12: Current Liabilities
Section: Chapter Questions
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Transcribed Image Text:A food cart prepares 150 sandwiches every day and sells them at
$15/piece. For each sandwich, they spend $8 on ingredients.
Additionally, they spend $0.75 for packaging each sandwich and
monthly $60, $25, and $15 for cart rent, utilities, and miscellaneous
expenses respectively. Lost sales are charged at $1.50 per unhappy
customer. Leftover sandwiches can be sold for $4/piece. On a
particularly cold day in December, they were able to sell only 120
sandwiches. Determine the vendor's profit for that day. Assume
there are 30 days in the month.
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