QUESTION IMAGE
Question
name: ____________ mark: ________
you may use your notes to help you.
- you want to start your summer vacation by earning some extra money. you decide to have a lemonade stand outside your house for 1 day. your recipe calls for concentrated lemon juice, sugar, and water. your goal is to make 40 l of lemonade. complete the chart to calculate what you need to buy and how much it will cost. remember that 1000 ml = 1l and 1000 g = 1 kg.
| ingredient | lemon juice (945 ml bottle) | sugar (2 kg bag) | water | paper cups (bag of 50) |
|---|---|---|---|---|
| you need to make: | 40 l | |||
| you need to buy: | bottles | bags | water is free | bags |
| cost per item: | $2.50 per bottle | $3.00 per bag | $0 | $2.00 per bag |
| total cost for each item: |
therefore the total cost of making 40 l of lemonade is: __________.
- you need to determine the selling price of one cup of lemonade. you need to make a profit but if it’s too expensive you won’t get as many customers.
what is the unit cost (cost to make 1 cup) of lemonade?
= total cost ÷ total number of cups made
now determine your selling price for 1 cup:
Step1: Calculate total lemon juice needed
First, find total lemon juice required for 40 L. Since 1 L needs 125 ml, total is $40 \times 125 = 5000$ ml.
Step2: Find number of lemon juice bottles
Each bottle is 945 ml. Calculate $\frac{5000}{945} \approx 5.29$, so we need 6 full bottles.
Step3: Calculate cost for lemon juice
Cost per bottle is $2.50. Total cost: $6 \times 2.50 = 15.00$
Step4: Calculate total sugar needed
1 L needs 100 g, so 40 L needs $40 \times 100 = 4000$ g = 4 kg.
Step5: Find number of sugar bags
Each bag is 2 kg. Number of bags: $\frac{4}{2} = 2$ bags.
Step6: Calculate cost for sugar
Cost per bag is $3.00. Total cost: $2 \times 3.00 = 6.00$
Step7: Calculate total number of cups
1 L makes 4 cups, so 40 L makes $40 \times 4 = 160$ cups.
Step8: Find number of cup bags
Each bag has 50 cups. $\frac{160}{50} = 3.2$, so we need 4 full bags.
Step9: Calculate cost for cups
Cost per bag is $2.00. Total cost: $4 \times 2.00 = 8.00$
Step10: Calculate total production cost
Sum all ingredient costs: $15.00 + 6.00 + 8.00 = 29.00$
Step11: Calculate unit cost per cup
Unit cost = $\frac{\text{Total Cost}}{\text{Total Cups}} = \frac{29.00}{160} = 0.18125$
Step12: Set a profitable selling price
Choose a price higher than unit cost, e.g., $0.50 (balances profit and affordability).
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Completed Chart Values:
| Ingredient | Lemon Juice (945 ml bottle) | Sugar (2 kg bag) | Water | Paper Cups (bag of 50) |
|---|---|---|---|---|
| You need to buy: | 6 bottles | 2 bags | free | 4 bags |
| Total Cost for each item: | $15.00 | $6.00 | $0 | $8.00 |
Total cost of making 40 L of lemonade: $\$29.00$
Unit cost per cup: $\$0.18$ (rounded to nearest cent)
Suggested selling price per cup: $\$0.50$ (or any price above $\$0.18$ to make a profit)