Setting+Prices

Setting Prices

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 $9.57. Answer the following: a. For how much should Steve’s Candy Shop sell each bag of Skittles? Well I think that Steve should sell his skittles for 1.00$ a bag. b. How did you determine this price? Well I think determining how much the bag is, and how much of a profit Steve’s candy shop would make depending on the price. -List all the factors involved when determining the price of the Skittles? The people, who will be buying the products, will pay a dollar if the demands for the bags of skittles is high. I figured out how much each bag costs, if sold or 1.00$. -Show all math work involved when determining the price of the Skittles? $ 9.57/ 36 each then about 26 cents.

-How many bags of Skittles will Steve’s Candy Shop have to sell to make a profit? Steve’s candy shop will have to sell at lest 10 bags of skittles for 1$ then he will have made small profit of 43 cents.

-How much profit will Steve’s Candy Shop make on each box of Skittles? Steve’s candy shop will make 26.43 in profits if they sell each bag of skittles.

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 $1.00 a week. a. For how much should Mary’s T-Shirt Shop sell each t-shirt? Will I think that Mary should sell the shirts for 10.00$. b. How did you determine this price? Well I think determining how much the bag is, and how much of a profit Mary’s T-Shirt would make depending on the price. -List all the factors involved when determining the price of a t-shirt. The people, who will be buying the products, will pay a ten-dollar if the demand for the bags of skittles is high. I figured out how much each bag costs, if sold or 10.00$ -Show all math work involved when determining the price of the t-shirt. $ 16.00 / 15 each then about 1.06 $

-How many t-shirts will Mary’s T-Shirt Shop have to sell in order to make a profit? Mary’s T-shirt will make 26.43 in profits if they sell each t-shirt she will sell.