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A restaurant prepares 200.00 pizza slices and sells them at a rate of $11.00/slice. Expenses for the restaurant include raw material for pizza at $5.00 per slice, $108.00 as monthly rental and $29.00 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 224.00 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?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92790503

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