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A Restaurant is open only for 25 days in a month. Expenses for the restaurant include...

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Finance

A Restaurant is open only for 25 days in a month.

Expenses for the restaurant include raw material for eachsandwich at $6.00 per slice, $1,004.00 as monthly rental and$470.00 monthly as insurance. They consider the cost of lost salesas $5.00 per item. They are able to sell any leftover sandwichesfor $3. They prepares 200.00 sandwiches and sells them at a rate of$12.00/sandwich.
Today there was a party at nearby office so the demand forsandwiches rose to 226.00. How much profit did the restaurant earntoday?

Answer & Explanation Solved by verified expert
3.6 Ratings (650 Votes)
Solution As per the information given in the question we have No of sandwiches prepared per day 200 Sale price per sandwich 1200 Thus total sales per day 200 12 2400 Raw material cost per sandwich 6 Thus total raw material cost per day 200 6 1200 As per    See Answer
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