A vendor prepares 100 hotdogs every day and sells at, Ask an Expert

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A vendor prepares 100 hotdogs every day and sells at $20/piece. For each hot dog, he spends $12 in the raw material. Additionally, he spends $1 for packing each hotdog and monthly $50, $20, $10 as food truck rent, electricity and other expenses respectively.

On a particular day in June it rained heavily so vendor was able to sell only 80 hot dogs.

For finishing the stock, he sold remaining hotdogs for $5/piece. Determine vendor's profit for that day?

Assume there are 30 days in the month.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92886620

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