To find the amount of money Ricardo will make per camp under his new business plan, we can first calculate the total revenue he generates from one camp for both the old and new plans and then analyze the difference using the difference of squares method.
-
Old Business Plan:
- Number of sessions: 3
- Price per session: $50
- Total revenue from one camp:
-
New Business Plan:
- Number of sessions: 6
- Price per session: $34
- Total revenue from one camp:
-
Difference in Revenue:
- The difference in revenue between the new and old business plans:
- The difference in revenue between the new and old business plans:
Using the Difference of Squares
The difference of squares method can be stated as:
- Let
(new revenue) - Let
(old revenue)
Calculating:
Then, using those values:
Calculating
Though it shows a mathematical relationship, to find the revenue from new camp directly, just use the total revenue calculated separately:
- Ricardo would earn
dollars per camp under the new plan.
Thus, the final answers are:
- Under the new business plan, he makes $204 per camp.
- The difference from the previous revenue is $54.