Hot Dog Express

1) Use formulas to calculate the following data (see class instruction sheet for details)

Food Item
Hotdogs
Buns
Cheese, Shredded
Mustard
Mayonnaise
Pickle Relish
Ketchup
Onions
Chili

Package
48 count
24 count
3 lb.
2 lb.
1 qt. Bottle
2 qt. Bottle
2 lb.
3 lb.
5 lb.

Servings
per
Package
48
24
48
32
64
32
24
60
66

Cost
$ 5.95
$ 3.76
$ 9.95
$ 1.98
$ 3.29
$ 2.15
$ 4.98
$ 1.98
$ 8.95

100%
Selling
Serving Markup
Price
Cost [1]
[2]
(per serving) [3]
$ 0.12
$ 0.25
$ 0.37
$ 0.16
$ 0.31
$ 0.47
$ 0.21
$ 0.41
$ 0.62
$ 0.06
$ 0.12
$ 0.19
$ 0.05
$ 0.10
$ 0.15
$ 0.07
$ 0.13
$ 0.20
$ 0.21
$ 0.42
$ 0.62
$ 0.03
$ 0.07
$ 0.10
$ 0.14
$ 0.27
$ 0.41
Pricing Totals
$ 1.04
$ 2.09
$ 3.13 Hot Dog Price
0.19 Sales Tax
6% [4]
$3.32 Hot Dog Selling Price After Tax

Use the results from above to answer the following questions:

***NOTE: EACH ANSWER IN COLUMN F MUST BE A FORMULA***
1)What is the costliest item to you by package?
$ 9.95 Cheese,Shred [5] use a formula for F19 and put the food description in G19
2)What the least expensive items to you per serving?
use a formula for F20 and put the food description in G20
$ 0.03 Onions [6]
3)What is the average cost of your hot dog food items?
$ 4.78
4)With a 100% markup, what is your hot dog total to the customer?
$ 3.13
5)With a 100% markup, what is the profit you make per hot dog?
$ 1.04
6)To reach a daily goal of $800 in hot dog sales, how many customers are
needed if each customer orders 2 hotdogs?

134

[1] Mrs. Sattler:

Calculate the cost of each serving
[2] Mrs. Sattler:
double the serving cost
[3] Mrs. Sattler:
what each serving will cost with the 200% markup
[4] Mrs. Sattler:
Be sure to use Absolute Cell reference when referring to Sales Tax cell.
[5] Mrs. Sattler:
Name of item here
[6] Mrs. Sattler:
Name of item here