Question

1.A vendor prepares 100.00 hotdogs every day and sells at $21.00 /piece. For each hot dog, he spends $11.00 in the raw material. Additionally he spends $1.57 for packing each hotdog and monthly $56.00, $24.00, $12.00 as food truck rent, electricity and other expenses respectively. On a particular day in June 105.00 people came wanting the hotdog. Vendor thinks $6.00 per lost sale. Determine vendor’s profit for that day? Assume there are 30 days in the month.

2.A restaurant prepares 200.00 pizza slices and sells them at a rate of $14.00/slice. Expenses for the restaurant include raw material for pizza at $6.00 per slice, $102.00 as monthly rental and $23.00 monthly as insurance. Restaurant is open only for 25 days in a month. Today there was a party at nearby office so the demand for pizza went up to 218.00 slices. Due to lack of availability vendor could not fulfill the demand and analyzed a lost sale as $5.00 per item. How much profit could the restaurant earn today?

Please, do all of them and show processes

Answer 1