Jelly was late for class one day because of long lineups at the coffee shop and decided that attendees at the event should not experience long waits for sandwiches, so an incentive was negotiated into the contract. For every sandwich that is served in under 2 minutes an additional $0.50CAD will be added to the fixed fee. Note: the contract has changed to a Fixed Price Incentive Fee contract.
6. What would Peanutbutter’s profit be if 20,000 sandwiches are served in over 2-minutes and 10,000 are served in under 2 minutes?