What is the optimum price to charge for dinners? Explain What would be the month
ID: 2608489 • Letter: W
Question
What is the optimum price to charge for dinners? Explain
What would be the monthly sales potential if you were to charge $8 for dinners?
How many dinners an hour (dinners sold over 6 hr period each day, open 30 days a month) would you need to serve to meet the monthly sales potnetial. Show calculations. Does this seem reasonable with a market tarket of 6,000?
Fraction that will buy Price Frequency (average for sample) Total Demand Revenue per month Price 1 0.25 $6 2.00 3,000 $18,000 Price 2 0.24 $8 1.75 2,520 $20,160 Price 3 0.15 $10 0.50 450 $4,500 Price 4 0.1 $12 0.20 120 $1,440Explanation / Answer
What is the optimum price to charge for dinners? Explain
What would be the monthly sales potential if you were to charge $8 for dinners?
ANS-
Fraction that will buy Price Frequency (average for sample) Total Demand Revenue per monthRelated Questions
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