Yesterday, Chandler's Restaurant Profit Calculation from French Fries Sales
Calculating Chandler's Restaurant Profit from French Fries Sales
Yesterday, Chandler's restaurant sold 48 orders of french fries for $4 each. Each order of french fries costs the restaurant $2 to make. What was the restaurant's profit from the french fries?
Final Answer: Yesterday, Chandler's restaurant sold 48 orders of french fries for $4 each. Each order of french fries costs the restaurant $2 to make. The restaurant's profit from the French fries was $96.
Explanation:
For calculating the restaurant's profit from the French fries, follow these steps:
- Calculate the total revenue earned from selling French fries:
- Number of orders sold = 48 orders
- Price per order = $4
- Total revenue = Number of orders * Price per order
- Total revenue = 48 orders * $4 = $192
- Calculate the total cost of making the French fries:
- Cost per order = $2
- Total cost = Number of orders * Cost per order
- Total cost = 48 orders * $2 = $96
- Calculate the profit:
- Profit = Total revenue - Total cost
- Profit = $192 - $96 = $96
In this scenario, the restaurant's profit from selling the French fries is $96. This means that after accounting for the cost of making the French fries, the restaurant made a profit of $96. Calculating profits accurately helps businesses evaluate the success of specific menu items and make informed decisions about their offerings.
What were the total revenue and total cost of making French fries at Chandler's restaurant? The total revenue from selling French fries at Chandler's restaurant was $192, while the total cost of making the French fries was $96.