A sample has a sample proportion of 0.3 . Which sample size will produce the
1 answer:
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Answer:
He must charge minimum £0.84 for one hot dog.
Step-by-step explanation:
Ingredients cost for hot dogs at the supermarket,
Price of dog sausages tin of 8 = 50p ≈ £0.5
Price of dog bun packs of 6 = 90p ≈ £0.90
Number of tins required for 150 hot dogs = = 6.25
So student will purchase 7 tins.
Cost of 7 tins = 7 × 0.5
= £3.5
Number of dog buns packets required = = 25
Cost of 25 packs = 25 × 0.9
= £22.5
Total cost of the material used for 150 buns = 22.5 + 3.5
= £26.0
Let the selling price of each hot dog = £x
Then selling price of 150 hot dogs = £150x
Students wants the profit = £100
So, Selling price - Cost price = profit
150x - 26 = 100
150x = 126
x =
x = £0.84
Therefore, he must charge minimum £0.84 for one hot dog.