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A restaurant prepares 200.00 pizza slices and sells them at a rate of $15.00/slice. Expenses for...

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Finance

A restaurant prepares 200.00 pizza slices and sells them at arate of $15.00/slice. Expenses for the restaurant include rawmaterial for pizza at $6.00 per slice, $124.00 for monthly rentaland monthly insurance of $20.00. Lost sale are taken as $5.00 perunhappy customer. Leftover pizza can be sold for $2.00. Therestaurant is open only for 25 days in a month. Today there was aparty at nearby office so the demand for pizza went up to 224.00slices. How much profit could the restaurant earn today?

Answer & Explanation Solved by verified expert
4.3 Ratings (715 Votes)
Solution As per the information given in the question we have No of pizza slices prepared per day 200 Sale price per pizza slice 1500 Thus total sales per day 200 15 3000 Raw material cost per pizza slice 6 Thus total raw material cost per day 200 6 1200 As    See Answer
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