posted by Ron on .
In this word problem, i really need help and advice on how to solve this. What should i be doing to answer this question?
Candy is being sold in two sizes. The original sizes uses a container of radius 2inces and will be sold for $4.99. A coworker suggests doubling the sizes to radius of 4inches and prices for the second size package. The cost of foil is $.015/inches squared. The cost of chocolate is $.02/inches squared. Cost of candy to fill the container is $.03/inches squared. All of the candy is sold to make atleast 50% profit
Explain if this is a good idea or not?
lot of redundant information here.
The flaw is in the doubling of the radius and the price.
doubling the radius would increase the area by a factor of 4, so the price should be increased 4 times the original.
so, bad idea.