Larson has started a home wine making business and he buys all his ingredients f

Question

Larson has started a home wine making business and he buys all his ingredients from his neighborhood farmers' market and a local bottle manufacturer. Last year I worth of ingredients and bottles and produced 3,000 bottles of wine. He sold all 3,000 bottles of wine to an upscale restaurant for dollar 15 each. The restaurant sold all for dollar 45 each. For the total wine production, calculate the value added of Larson and of the restaurant. The value added of Larson is dollar 30. (Enter your response as an integer.)

Explanation / Answer

Hi. in this image, the cost of ingrediants is not visible which is required to answer. Any way i am giving the formula. You just put the values to get answer for value added by Larson

value added by Larson = Selling price - Cost of materials

                                  = ($15 * 3000) - put the vale = ?

value added by the restaurant = ($45 * 3000) - ($15 * 3000) = $90,000

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