Setting+Prices

Marisa Miladinovic Room: 205 2/24/09 Social Studies

Setting Prices

a. For how much should Steve’s Candy Shop sell each bag of Skittles? b. How did you determine this price? -List all the factors involved when determining the price of the Skittles. -Show all math work involved when determining the price of the Skittles. -How many bags of Skittles will Steve’s Candy Shop have to sell to make a profit? -How much profit will Steve’s Candy Shop make on each box of Skittles?** a. Steve’s Candy Shop should make 24.26 dollars. b. I determine this price by adding the oz bags of the skittles and the cost of the entire box of the skittles and that’s how I got that answer. 2.17 + 9.57 = 24.26
 * 1. Steve’s Candy Shop is run by 4 people. They will be selling 2.17 oz bags of Skittles to students, teachers, parents, and the general public. Steve’s Candy Shop purchased a box containing 36 bags of Skittles from their supplier. The cost of the entire box was $9.57. Answer the following:

c. For how much should Mary’s T-Shirt Shop sell each t-shirt? d. How did you determine this price? -List all the factors involved when determining the price of a t-shirt. -Show all math work involved when determining the price of the t-shirt. -How many t-shirts will Mary’s T-Shirt Shop have to sell in order to make a profit?** c. Mary’s T-shirt Shop would make 16.00 dollars in all d. I determine this price with all the supplies, and that’s how I got that answer. 2.00 + 5.00 + 5.00 + 3.00 + 1.00 = 16.00
 * 2. Mary’s T-Shirt Shop is run by 2 people. They will be selling t-shirts with ironed-on pictures taken from a digital camera. Mary’s T-Shirt Shop purchased plain white t-shirts from their supplier at a cost of $2.00 per t-shirt. In addition, a box of 15 iron-on decals cost $5.00. Mary’s T-shirt Shop must also rent a computer for $5.00 a week, a digital camera for $3.00 a week, and a printer for $1.00 a week.