Questions: After finishing school, you decide to follow your dream of buying and running a food truck serving the best Cuban sandwiches and fries. In order to provide your customers with the highest-quality food possible, you do not make anything else. After prepping for several weeks, you're ready for your grand opening. You bought enough supplies to make 50 meals and know that it will cost you, including one assistant cook, 5.75 to make each meal. You've done your research and know that you live in a city where food trucks are all the rage. You've eaten at many of them and found that they charge, on average, 7.00 for a meal comparable to what you make. It's opening day and it is time to decide how much to charge your customers. Enter a number in the box below per meal

After finishing school, you decide to follow your dream of buying and running a food truck serving the best Cuban sandwiches and fries.

In order to provide your customers with the highest-quality food possible, you do not make anything else.

After prepping for several weeks, you're ready for your grand opening. You bought enough supplies to make 50 meals and know that it will cost you, including one assistant cook, 5.75 to make each meal.

You've done your research and know that you live in a city where food trucks are all the rage. You've eaten at many of them and found that they charge, on average, 7.00 for a meal comparable to what you make.

It's opening day and it is time to decide how much to charge your customers.

Enter a number in the box below
per meal

Transcript text: After finishing school, you decide to follow your dream of buying and running a food truck serving the best Cuban sandwiches and fries. In order to provide your customers with the highest-quality food possible, you do not make anything else. After prepping for several weeks, you're ready for your grand opening. You bought enough supplies to make 50 meals and know that it will cost you, including one assistant cook, $\$ 5.75$ to make each meal. You've done your research and know that you live in a city where food trucks are all the rage. You've eaten at many of them and found that they charge, on average, $\mathbf{\$ 7 . 0 0}$ for a meal comparable to what you make. It's opening day and it is time to decide how much to charge your customers. Enter a number in the box below \$ $\square$ per meal

Solution

Solution Steps

To determine the price per meal, we need to consider the cost of making each meal and the average market price. We can then decide on a price that covers the cost and potentially provides a profit.

Step 1: Determine the Cost to Make Each Meal

The cost to make each meal, including the cost of supplies and one assistant cook, is given as: \[ \text{Cost per meal} = \$5.75 \]

Step 2: Determine the Average Market Price

The average market price for a comparable meal in the city is: \[ \text{Average market price} = \$7.00 \]

Step 3: Decide on the Price to Charge

To cover the cost and potentially make a profit, we can start by charging the average market price: \[ \text{Price per meal} = \$7.00 \]