00:01
All right, so we want to think about the total profit for each scenario.
00:04
So the total profit for 500 hot dogs is that they will make each hot dog is sold for 12.
00:14
So 500 times 12 is $6 ,000.
00:20
But if they make a thousand hot dogs, then 500 are going to go unsold.
00:29
So and it costs $400 to make.
00:38
So that's going to be 500 times $4.
00:42
So that's minus 2000.
00:43
That's going to go unsold.
00:45
And then plus for the unsold ones, we're going to sell it to the pantry for $1.
00:54
So that's plus $500.
00:55
So that's $4 ,500.
00:59
And then for the total profit for $1 ,000, a thousand hot dogs, well, that's $12 ,000.
01:12
And then if we sell all 1 ,000 hot dogs for $12 each, we'll make $12 ,000.
01:19
But the cost of making those is going to be 1 ,000 times 4.
01:25
So 4 ,000.
01:27
So the total profit here is 8 ,000.
01:33
So the total profit of making 1 ,500 and selling those would be 18 ,000...