I am a little unsure of how to answer this question:
Write an inequality to represent the limit you may not exceed when spending to make your product.
Here's the background information I have.
You are going to decide on a summer business to start. Figure out what you will do, how much it will cost you, and how much you will charge.
Total amount of money you will be investing:
$100
What item are you making and selling and also why?
The item I'm making is fresh squeezed lemonade because it's a profitable business in the summer and I like lemonade.
Describe the setup of your business:
Cost to make each item: $0.20 per cup and $2.33 per gallon
Selling price of each item: $0.50 per cup
Please help me as soon as you can. Thank you!
Please, anybody? Mrs. Sue? I don't need anyone to answer it for me I just some direction.
To answer the question, you need to determine the limit you may not exceed when spending to make your product. In this case, your spending is determined by the cost to make each item.
To calculate the cost of making each item, you need to consider the cost of the ingredients. Given that the cost to make each cup is $0.20 and the cost per gallon is $2.33, you can find the cost per cup by dividing the cost per gallon by the number of cups in a gallon.
First, you need to determine the number of cups in a gallon. Since 1 gallon is equal to 128 fluid ounces and a cup is equal to 8 fluid ounces, you divide 128 by 8 to get 16 cups per gallon.
Now, divide the cost per gallon ($2.33) by the number of cups in a gallon (16) to get the cost per cup of lemonade: $2.33 / 16 = $0.145625.
However, since the cost per cup is given in dollars and cents, it is usually best to round it up to the nearest cent. Therefore, the cost to make each cup of lemonade is approximately $0.15.
Now that you have the cost per cup, you can set up an inequality to represent the limit you may not exceed when spending to make your product. Since you have a total of $100 to invest, the inequality can be represented as:
Cost to make each cup * number of cups ≤ Total amount of money you will be investing
Using the given information, the inequality can be expressed as:
$0.15 * number of cups ≤ $100
This inequality ensures that the cost of making each cup multiplied by the number of cups you make does not exceed the total amount of money you have to invest.
Please note that in this scenario, we assumed that the cost of other materials required to make the lemonade (e.g., lemons, sugar, cups) is negligible compared to the cost of the lemonade itself. If there are additional costs involved, you would need to consider those as well when calculating the total cost per cup.