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You want to start a bakery business to earn money. The total amount of money you will invest is $10,000. You will be selling
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You want to start a bakery business to earn money. The total amount of money you will invest is $10,000. You will be selling
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Answers (17)
determine how much you will owe your parents
f) Now that you have an additional $300, revise your inequality from part a to reflect your new spending limit. Solve this inequality. * Do not include the dollar symbol in the inequality
determine how much you will owe your parents.
If so, determine how much you will owe your parents. $2,590.40
f) Now that you have an additional $300, revise your inequality from part a to reflect your new spending limit. Solve this inequality. * Do not include the dollar symbol in the inequality You can copy and paste the inequality sign below in your answer. ≥
Does the investment you make and the time constraint allow you to profit from this venture? Yes, I can make more than $10,000 No, I make less than $10,000
k) Remember it costs $14 to make the cakes and you are selling them for $50 each. If you only spend the 200 hours making the cakes, what was your maximum total profit?
j) Solve your inequality from part i
i) You are trying to decide if it is worth the investment to make the cakes if it takes 2.5 hours to make each cake and you have 200 hours this summer to devote to creating your product. Write an inequality that represents your time constraint. *Use x as
determine how much you will owe your parents.
g) If you still sell your item for the same price, what is the most money you can hope to earn from your business now?
Your parents heard about the success of your business and they want to help you out. Suppose they want to give you an additional $300 to put toward your business. However, there’s a catch. If you make more than $600 additional profit, you have to give
Did you make money or lose money
e) Don’t forget that at the beginning of the process you had to spend some of your own money to get started. With the costs taken into account, what was your total profit?
d) Using your answer from part b and your equation from part c, what is the most money you can hope to earn from your business?
c) You plan to sell each cake for $50. Write an equation that represents your total earnings, T, based on the price of your cake and how many you sell. Let x represent the number of cakes you sell. * Use T and x as your variables
b) Solve this inequality and choose the graph of the solution. * Make sure to round to the nearest whole number. Do not include dollar signs in the solution
