7. What is the total cost savings? If Charlie accepts the new deal, rather than

Question

7. What is the total cost savings? If Charlie accepts the new deal, rather than buying the same amount of burgers from his current vendor, what is the total cost savings? 8. If hamburger sales remain stable at 12 cases per week during this period, how many hamburgers will Charlie have remaining in inventory at the end of 13 weeks? 9. If hamburger sales remain stable at 12 cases per week into the future, how many weeks will it take to sell the remaining hamburgers? (Round to the nearest week.) 10. If Joe can figure out a way to sell 14 cases a week, how many weeks will it take to sell the entire new vendor inventory? (Round to the nearest week.) 11. Beyond the price per patty savings, what factors should Joe consider when advising Charlie whether or not to take the new deal? 12. The price per patty quoted by the new vendor is attractive, but is this a good deal for the restaurant? 13. Beyond the cost savings, what other factors need to be considered before buying a lot more hamburgers than you have sold in the past? 14. How can Joe make this deal more attractive to Charlie?

Explanation / Answer

As a consumer, you are always looking for ways to save money in your purchasing, which means getting the best price you can find. Sometimes, you need to calculate cost savings on a particular deal. This can be helpful when comparing purchases of goods that are slightly different, to see which deal, relatively, is better for the products offered. You may also want to use the calculation to check and see if the discounts that a merchant is offering are accurate with regard to the price. Either way, the solution to the calculation involves an arithmetic calculation that will render the result as a percentage. Other People Are Reading Cost-Saving Ideas Cost-Saving Ideas for a Business Instructions 1 Subtract the original price from the discounted price to get the cost savings in cash terms. For example, if a vest has a retail price of $59.50, and is offered at $47.00, the cost savings is $12.50. 2 Divide the cost savings by the original or retail price. Here, $12.50 divided by $59.50 comes to 0.21. 3 Multiply your result, in this case 0.21, by 100. This renders the figure as a percentage. Here, the amount is 21 percent, which is your cost savings or discount on the purchase. Sponsored Links

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