Carolyn and Kim are selling lemonade this summer.
*It costs $0.10 to make each cup of lemonade.
*They are going to sell each cup of lemonade for $0.25.
What is the least number of cups of lemonade they need to sell in
order to collect $10.00 more than they spend? Show or explain your
work.
10.0/0.15 = 066.7 = 67 cups
thanks sooo much
You're very welcome.
To find the least number of cups of lemonade they need to sell, we need to determine the profit they will make from selling each cup of lemonade.
The cost to make each cup of lemonade is $0.10, and they are selling each cup for $0.25. Therefore, the profit per cup of lemonade is:
Profit per cup = Selling price - Cost price
Profit per cup = $0.25 - $0.10
Profit per cup = $0.15
Now, we need to calculate how many cups they need to sell in order to collect $10.00 more than they spend.
Let's assume they sell 'x' cups of lemonade. The total profit they would earn can be calculated using the following equation:
Total profit = Profit per cup * Number of cups sold
Total profit = $0.15 * x
We want the total profit to be $10.00 more than the total cost, which is the cost per cup multiplied by the number of cups sold:
Total profit = Total cost + $10.00
$0.15 * x = $0.10 * x + $10.00
To find the value of 'x', we can solve this equation:
$0.15 * x - $0.10 * x = $10.00
$0.05 * x = $10.00
x = $10.00 / $0.05
x = 200
Hence, Carolyn and Kim need to sell at least 200 cups of lemonade in order to collect $10.00 more than they spend.