Question

A restaurant chef ordered 4 pounds of beef at $3.25 per pound, 6 pounds of potatoes at $1.96 a pound, and 5 pounds of carrots at $1.81 per pound. He estimates that this will make 28 meals. If he charges $20 per meal, how much profit will he make for each meal?

Answer 1

Answer:

Profit = $18.8 per meal

Step-by-step explanation:

Chef ordered beef = 4 pounds

Cost of beef = $3.25 per pound

Total cost of beef = 4 × 3.25 = $13

Amount of potatoes ordered = 6 pounds

Cost of potatoes = $1.96 per pound

Total cost of potatoes = 6 × 1.96

                                     = $11.76  

Amount of carrots ordered = 5 pounds

Cost of carrots = $1.81 per pound

Total cost of carrots = 5 × 1.81 = $9.05

Total amount of beef, potatoes and carrots = $13 + $11.76 + $9.05

                                                                        = $33.81

Number of meals prepared with material purchased = 28

Per meal cost = $\frac{33.81}{28}$ = $1.2075

Selling price of one meal = $20

Profit per meal = Selling price - Cost price

                         = 20 - 1.2075

                         = 18.7925

                         ≈ $18.8

Therefore, he will make $18.8 for each meal.