what size paper cup shoud you use to make the most money? How much money will you make if you sell all of the lemonade if you have 15 gallons of lemonade to sell (1 gall = 3785 cm)
To determine the size of the paper cup that will yield the most money, you need to consider the cost of producing each cup of lemonade and the price at which you can sell it. Let's break down the steps to find the answer:
1. Determine the cost of producing each cup of lemonade:
- Calculate the total cost of producing 15 gallons of lemonade.
- Consider the cost of lemons, sugar, water, cups, ice, and any other ingredients or supplies needed.
- Divide the total cost by the number of cups you can make from 15 gallons to find the cost per cup.
2. Determine the price at which you can sell each cup of lemonade:
- Research the local market or competitors to find the average price for a cup of lemonade.
- Consider factors such as quality, location, and target customers to determine if you can charge more or need to lower the price.
3. Calculate the profit per cup:
- Subtract the cost per cup from the selling price per cup to determine the profit per cup.
Now that you have the profit per cup, you can find the cup size that will yield the most money. Usually, larger cups can be sold at a higher price, but the cost of production will also increase. Strike a balance between the cup size, cost, and selling price to maximize your profits.
To determine the exact amount of money you will make if you sell all 15 gallons of lemonade, you need to know the number of cups that can be produced from 15 gallons and multiply it by the profit per cup. Determine the number of cups, considering the size of the cups you plan to use.
Keep in mind that the calculations above may vary depending on your location, target customers, and other factors specific to your lemonade business.