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:

For how much should Steve’s Candy Shop sell each bag of Skittles? About $.30 per Bag

How did you determine this price?

-List all the factors involved when determining the price of the Skittles. you had to take $9.57 and divide it by 36 to see how much it is per bag which is about $.26.6

-Show all math work involved when determining the price of the Skittles. $.03 profit= $.30 per bag.

-How many bags of Skittles will Steve’s Candy Shop have to sell to make a profit?

__32 bags are needed to make profit.__

-How much profit will Steve’s Candy Shop make on each box of Skittles? $1.23 profit

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. For how much should Mary’s T-Shirt Shop sell each t-shirt? How did you determine this price? -List all the factors involved when determining the price of a t-shirt. -Show all math work involved when determining the price of the t-shirt. -How many t-shirts will Mary’s T-Shirt Shop have to sell in order to make a profit?