Oscar's Omelettes plans a special where the price of cheese omelettes drops from $7.00 to $5.50...
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Oscar's Omelettes plans a special where the price of cheese omelettes drops from $7.00 to $5.50 for two weeks. Promotion costs $1500. Oscar expects cheese omelette sales to increase by 30%, with a 15% decline in veggie omelette sales. Weekly data are:
Product | Sales Price | Variable Costs | Sales Volume |
Cheese Omelettes | $7.00 | $3.50 | 300 |
Veggie Omelettes | $6.00 | $3.00 | 400 |
Requirement: Evaluate the impact on sales and profitability.
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