Question

Q10 A student wants to raise £100 for charity.

Answer 1

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 = $\frac{150}{8}$ = 6.25

So student will purchase 7 tins.

Cost of 7 tins = 7 × 0.5

                      = £3.5

Number of dog buns packets required = $\frac{150}{6}$ = 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 = $\frac{126}{150}$

x = £0.84

Therefore, he must charge minimum £0.84 for one hot dog.