Restaurant Profits Scenario, math homework help

Anonymous
timer Asked: Jul 22nd, 2016
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Question Description

Complete the Restaurant Profits Scenario. (Doc is uploaded for instructions)

After you have completed the Restaurant Profits Scenario, complete the following:

  • Design an actual menu using your prices.
  • Come up with an interesting restaurant name.
  • Create your menu using any program you wish and submit your document or picture of the menu

    Restaurant Profits Scenario MTH/215 Version 2 Restaurant Profits Scenario You have been placed on a marketing and design team tasked with creating a menu for a swanky new restaurant. Your goal is to design a restaurant menu that will maximize profit. There are three main roles in this project. Select a role and complete the task listed under the role. Role #1 Drink Designer You have 4 drinks to put on the menu: apple, banana, cherry, or dragon fruit. The cost for your restaurant to purchase each bottle of soda is as follows: apple: $4, banana: $3, cherry: $2, dragon fruit: $1. The number of bottles sold every day of each soda depends on the price you set in your menu. The demand for your soda decreases as the price increases. Here are the formulas for each: a) bottles of apple sold = 1.0 x 101 - price b) bottles of banana sold = 1.2 x 101 - price c) bottles of cherry sold = 1.4 x 101 - price d) bottles of dragon fruit = 1.6 x 101 - price Determine the price of each soda that will give you maximum profit. Include your calculations and results. Role #2 Main Entree Designer You have 4 entrees to put on the menu: avocado tacos, burgers, cheese sticks, or deep dish pizza. The cost for your restaurant to make each is the square root of the price you set. The number of entrees sold every day of each depends on the price you set in your menu. The demand for your entrees decrease as the price increases. Here are the formulas for each: a) number of avocado tacos sold = 10 x price-2 b) number of burgers sold = 20 x price-2 c) number of cheese sticks sold = 30 x price-2 d) number of deep dish pizzas sold = 40 x price-2 Determine the price of each entree that will give you maximum profit. Include your calculations and results. Role #3 Dessert Designer You have 4 desserts to put on the menu: apple pie, baked alaska, cheesecake, or dark chocolate cake. The cost for your restaurant to make each is 60% of the price you set. The number of desserts sold every day of each depends on the price you set in your menu. The demand for your desserts decrease as the price increases. Here are the formulas for each: a) number of apple pies sold = 10 (40% of the price) b) number of baked alaskas sold = 15 (50% of the price) c) number of cheesecakes sold = 20 (60% of the price) d) number of dark chocolate cakes sold = 25 (70% of the price) Determine the price of each dessert that will give you maximum profit. Include your calculations and results. Click the Assignment Files tab to submit your assignment. 1

    Tutor Answer

    Teacher Holly
    School: Purdue University

    Hi. kindly find attached answers.

    RESTAURANT PROFIT SCENARIO
    Role #1
    Type of drink

    formula

    Cost price

    Selected price

    Apple

    = 1.0 x 101 – price

    4

    8.0

    Price of each
    drink
    2.0

    Banana
    Cherry
    Dragon

    = 1.2 x 101 – price
    1.4 x 101 – price
    1.6 x 101 – price

    3
    2
    1

    7.5
    7.0
    6.0

    4.5
    7.0
    10

    Role#2
    Main entrée
    Avocado tacos
    Burgers
    Cheese sticks
    Deep dish
    pizzas

    formula
    = 10 x price-2
    = 20 x price-2
    = 30 x price-2
    = 40 x price-2

    Selected price
    50
    70
    90
    100

    Cost price
    7.5
    8..5
    9.5
    10

    New price
    75
    170
    285
    400

    Profit
    25
    80
    195
    300

    Role #3
    Dessert
    Apple pies
    Baked alaskas
    Cheese cakes
    Dark chocolate
    cakes

    Formula
    = 10 (40% of the
    price)
    = 15 (50% of the
    price)
    = 20 (60% of the
    price)
    = 25 (70% of the
    price)

    Selected price ($)
    100

    Final price
    800

    Profit
    700

    150

    1125

    975
    ...

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    Review

    Anonymous
    Thanks, good work

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