Pink Legends

thingiverse

A 5th Grader's Guide to Managing a Math Budget Imagine you're the manager of your very own imaginary lemonade stand. You have a limited amount of money to spend on ingredients, cups, and other supplies. Your goal is to make as much profit as possible while still having enough money left over for future expenses. To start, let's break down the costs involved in running your lemonade stand: * Ingredients (lemons, sugar, water): $5 * Cups: $2 * Stand and table: $10 * Marketing materials (flyers, signs): $3 Total cost so far: $20 Now, let's talk about the income side of things. Let's say you charge 50 cents per cup of lemonade. You plan to sell 20 cups per day. Income per day: 50 cents \* 20 cups = $10 Profit per day: $10 - $5 (ingredients) - $2 (cups) - $3 (marketing materials) = $0 Oops! It looks like you're actually losing money on each cup of lemonade you sell. This is because your total costs ($20) are higher than your income ($10). To turn a profit, you'll need to either increase your prices or reduce your costs. Here are some ideas: * Increase the price per cup: $1 * Reduce the cost of ingredients: Use less sugar or find a cheaper source for lemons * Reduce the cost of cups: Buy in bulk or use reusable cups * Reduce the cost of marketing materials: Create your own flyers and signs instead of buying them By implementing some or all of these changes, you should be able to turn a profit on each cup of lemonade you sell.