Are You Forgetting About These Important Costs?
Hi, folks! I've been asked about this topic, and thought I'd do a quick demonstration to help you out. When you decide the price for selling your hot dog, you need to take into account the cost of that dog. And I don't just mean the price of the hot dog and bun. There are lots of other costs that you might be forgetting, such as the gas you use to heat it up, the condiments, napkins, and your time.
Watch the whole video for a little hillbilly math lesson. Make sure you're taking into account the true cost of your product when you set the price of your food and service! If you have any other questions, please leave a comment and I'll explain it again. Don't feel bad if you're confused. It took me 3 years to get through 3rd grade.