Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. a restaurant is open only for 25 days in a month.

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

90.2K

Verified Solution

Question

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
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

Number the events below 1 – 7 to represent the correct sequence of events in skeletal...

Chemistry
1.2K views

What will the molarity be of the resulting solutions made by mixing the following? Assume that...

Programming
1.2K views

ENCODE THE FOLLOWING STREAM OF BITS USING 4B/5B encoding :- 1101011011101111 what is the ratio of redundant...

Operations Management
1.2K views

For this discussion, do a current international entry mode report on the company, Kellogg's. Remember there...

General Management
1.2K views

How does Under Armour’s competitive strength compare against that of Nike and The adidas Group? Do...

Basic Math
1.2K views

You and a friend are heading to the movies. You each buy a ticket and...

Calculus
1.2K views

Write the Babylonian numeral as a Hindu A WWW Hindu Arabic numeral is 329 Hindu...

Accounting
1.2K views

TB EX Qu. 6-203 During 2021, a company sells... During 2021, a company sells 22...

Accounting
1.2K views

158 Question 1 (a) Briefly explain the FOUR (4) purposes of taxation (8 marks) (b)...

Accounting
1.2K views

Trovato Corporation is considering a project that would require an investment of $58,000. No other...

Accounting
1.2K views

There are answers at the bottom of the second page. I just need the work...

Accounting
1.2K views

On January 1, Year 1, Prairie Enterprises purchased a parcel of land for $11,800 cash....