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Business Mathematics 13th Edition by Gary Clendenen,Stanley Salzman
Edition 13ISBN: 978-0321955050Business Mathematics 13th Edition by Gary Clendenen,Stanley Salzman
Edition 13ISBN: 978-0321955050 Exercise 2
SUBWAY
www.subway.com
Facts:
• 1965: First store opened in Connecticut
• 1974: First store franchised to an individual
• 1995: Supports cancer research
• 2013: Over 37,000 restaurants in 100 countries
With the help of a family friend, seventeen-year-old Freed DeLuca opened the first SUBWAY store in 1965. DeLuca believed in using only the freshest ingredients and drove many miles each week in his Volkswagen bug to buy fresh produce. Later management decided to "give back" to the community and now supports research related to both heart disease and cancer. The firm differs from other fast-food firms by offering heart-healthy meals.
Profit margins are surprisingly small in most businesses, so managers must work very hard to control costs. A primary responsibility of a store manager at SUBWAY is to control costs. Of course, the store manager is also responsible for many issues related to employees, the quality of food and service, and also sales.
One employee worked this hours during the week: Thursday, 3.5 hours; Friday, 4.5 hours; Saturday, 6 hours; and Sunday, 5.5 hours. He is paid $8.65 per hour. Find the total number of hours worked and the pay for the week rounded to the nearest cent.__________
www.subway.com
Facts:
• 1965: First store opened in Connecticut
• 1974: First store franchised to an individual
• 1995: Supports cancer research
• 2013: Over 37,000 restaurants in 100 countries
With the help of a family friend, seventeen-year-old Freed DeLuca opened the first SUBWAY store in 1965. DeLuca believed in using only the freshest ingredients and drove many miles each week in his Volkswagen bug to buy fresh produce. Later management decided to "give back" to the community and now supports research related to both heart disease and cancer. The firm differs from other fast-food firms by offering heart-healthy meals.
Profit margins are surprisingly small in most businesses, so managers must work very hard to control costs. A primary responsibility of a store manager at SUBWAY is to control costs. Of course, the store manager is also responsible for many issues related to employees, the quality of food and service, and also sales.
One employee worked this hours during the week: Thursday, 3.5 hours; Friday, 4.5 hours; Saturday, 6 hours; and Sunday, 5.5 hours. He is paid $8.65 per hour. Find the total number of hours worked and the pay for the week rounded to the nearest cent.__________
Explanation
Verified
Verified
One employee worked the following hours during the week:
Thursday: 3.5 hours
Friday: 4.5 hours
Saturday: 6 hours
Sunday: 5.5 hours.
Thus, add all the hours to find the total hours in a week.
Now if he is paid $8.65 per hour, then to find his pay for the week, you need to multiply $19.5 by $8.65.
Hence, the total cost is $168.70.
Thursday: 3.5 hours
Friday: 4.5 hours
Saturday: 6 hours
Sunday: 5.5 hours.
Thus, add all the hours to find the total hours in a week.
Now if he is paid $8.65 per hour, then to find his pay for the week, you need to multiply $19.5 by $8.65.Hence, the total cost is $168.70.
Business Mathematics 13th Edition by Gary Clendenen,Stanley Salzman
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