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.

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 2PA: Stork Enterprises delivers care packages for special occasions. They charge $45 for a small package,...
icon
Related questions
Question

Hi expert please give me answer general accounting question

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.
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.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College