Concept explainers
Tim Meekma owns a PepsiCo vending truck that holds 360 quarts of soda. Last Saturday at a carnival, Tim sold out completely. He sells a 10-ounce Pepsi for $1.25. There are 16 ounces in a pint and 2 pints in a quart.
a. How many drinks did he serve?
b. How much revenue did he take in for the day?
c. For the next carnival, Tim is considering switching to either a 12-ounce drink for $1.65 or a 16-ounce drink for $1.95. As his business adviser, what size do you recommend, assuming each would be a sellout?
Cola Wars! Coke was created in 1896 and Pepsi followed twelve years later. Together these companies typically spend more than $3 billion annually on advertising and account for more than two-thirds of U.S. soft drink revenues.
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Contemporary Mathematics for Business & Consumers
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