SOLUTION: Peter has a hot dog stand in the mall. He pays $2000 per month to rent the space. Each hot dog, including the bun and all the condiments, costs him $0.50. The price of the hot dogs
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Question 1016563: Peter has a hot dog stand in the mall. He pays $2000 per month to rent the space. Each hot dog, including the bun and all the condiments, costs him $0.50. The price of the hot dogs for customers is $3. How many hot dogs does peter need to sell to break even? If he sells 1000 hot dogs, what will his profit be?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Let = his profit
Let = number of hot dogs
per month he sells
When he breaks even,
If he sells 800 hot dogs, he breaks even
-----------------
If he sells 1000 hot dogs
His profit would be $500
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