Rafael is making punch and needs a gallon of sorbet and 2 liters of soda to make 12 cups. He pays $3.00 for a 2 liter of soda and $4.00 for a quart of sorbet. What is the minimum amount he should charge per cup of punch to make a $10 profit? Remember there are quarts in a gallon

1 answer

To determine the minimum amount Rafael should charge per cup of punch to achieve a $10 profit, let's break down the costs involved and then calculate the price per cup.

1. Costs of Ingredients:

  • Sorbet:

    • 1 gallon of sorbet = 4 quarts
    • Cost for 1 quart of sorbet = $4.00
    • Total cost for 1 gallon (4 quarts) = 4 quarts * $4.00/quart = $16.00
  • Soda:

    • Cost for 2 liters of soda = $3.00 (given)

2. Total Cost:

  • Total cost for both ingredients: \[ \text{Total Cost} = \text{Cost of Sorbet} + \text{Cost of Soda} \] \[ \text{Total Cost} = 16.00 + 3.00 = 19.00 \]

3. Total Required Profit:

  • Rafael wants to make a profit of $10. Therefore, the total amount he needs to earn is: \[ \text{Total Earnings Required} = \text{Total Cost} + \text{Desired Profit} \] \[ \text{Total Earnings Required} = 19.00 + 10.00 = 29.00 \]

4. Price Per Cup:

  • Rafael makes 12 cups of punch. So, to find the minimum price he should charge per cup: \[ \text{Price per Cup} = \frac{\text{Total Earnings Required}}{\text{Number of Cups}} \] \[ \text{Price per Cup} = \frac{29.00}{12} \] \[ \text{Price per Cup} \approx 2.4167 \]

5. Final Price:

To ensure he covers costs and makes the desired profit, Rafael should charge at least $2.42 per cup (rounding up to the nearest cent).

Conclusion:

Rafael should charge a minimum of $2.42 per cup of punch to achieve a $10 profit.