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Service food vendor
Ralph Newkirk is considering a bid for the hot dog and soft drink concession at the 14 football games for the season. There will be 7 college games and 7 professional games. Average attendance at college games is 30,000; at professional games attendance is 60,000. Ralph estimates that he sells one hot dog and one soft drink for each two persons attending a game.
Hot dog
Soft drink
Selling price
$1.50
$1.00
Variable costs:
0.32
Roll
0.14
Mustard, onion, etc.
0.02
Soft drink and ice
0.22
In addition, salespeople earn a 20 percent commission on all sales. Fixed costs per game are $8,000 for rentals of heating, cooking, mixing, and cooling equipment.
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