1 / 5

Solving Inequalities in Business

Solving Inequalities in Business. Profit. Cost - How much you spend. Revenue - How much money you take in. To make a profit, Revenue > Cost. Example: Bake-Sale. You buy a pack of 12 cupcakes from the store for $4. You sell all 12 of them at a bake sale for p each. Your cost if $4.

baina
Download Presentation

Solving Inequalities in Business

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Solving Inequalities in Business

  2. Profit • Cost- How much you spend. • Revenue- How much money you take in. • To make a profit, Revenue > Cost

  3. Example: Bake-Sale • You buy a pack of 12 cupcakes from the store for $4. You sell all 12 of them at a bake sale for p each. • Your cost if $4. • Your revenue is 12p (unless you can’t sell all of them). • You make a profit if 12p > $4

  4. Example: Selling fries • Fries are a popular street food in Namibia. In Namibia, you could buy a 5kg bag of potatoes for N$50 (about $7), and 1L of oil for N$20 (about $3). This would be enough to sell about 30 bags of fries. • What is your cost? • What if you only use half of the oil? • What is your revenue? • How much should p be to make a profit? • If they sell fries for N$2 per bag, will they make a profit?

  5. Selling ice cream floats • Assignment: You want to try to sell root-beer floats to raise money. • Figure your costs, estimate how many you can sell, and calculate the price in order to make a profit. Photo by Arnold Gatilao Retrieved from Wikipedia

More Related