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

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

Expenses for the restaurant include raw material for each sandwich at $4.00 per slice, $1,180.00 as monthly rental and $352.00 monthly as insurance. They consider the cost of lost sales as $6.00 per item. They are able to sell any leftover sandwiches for $3. They prepares 200.00 sandwiches and sells them at a rate of $13.00/sandwich.
Today there was a party at nearby office so the demand for sandwiches rose to 211.00. How much profit did the restaurant earn today?

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Answer #1

Sales lost = 211 - 200 = 11

Profit per day:

= [200 X ($13 - $4)] - [($1,180 + $352) / 25] - ($6 X 11)

= $1,672.72

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