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? <span style="font-family: 'Times New Roman', Times, serif;"> b. <span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;">How did you determine this price? <span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;">  <span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;">-List all the factors involved when determining the price of the Skittles. <span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;">-Show all math work involved when determining the price of the Skittles. <span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;">-How many bags of Skittles will Steve’s Candy Shop have to sell to make <span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;">a profit? <span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;">-How much profit will Steve’s Candy Shop make on each box of Skittles? <span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"> **<span style="font-family: 'Times New Roman', Times, serif;">Answer: **<span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;">a. 26 cents b. I divided $9.57 by the 36 bags of skittles.
 * <span style="font-family: 'Times New Roman', Times, serif;">Setting Prices **<span style="font-family: 'Times New Roman', Times, serif;">  <span style="font-family: 'Times New Roman', Times, serif;">

<span style="font-family: 'Times New Roman', Times, serif;">2. <span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;">Mary’s T-Shirt Shop is run by 2 people. <span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;">They will be selling t-shirts with ironed-on pictures taken from a digital camera. <span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;">Mary’s T-Shirt Shop purchased plain white t-shirts from their supplier at a cost of $2.00 per t-shirt. <span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;">In addition, a box of 15 iron-on decals cost $5.00. <span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;">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. <span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;">  <span style="font-family: 'Times New Roman', Times, serif;"> a. <span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;">For how much should Mary’s T-Shirt Shop sell each t-shirt? <span style="font-family: 'Times New Roman', Times, serif;"> b. <span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;">How did you determine this price? <span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;">  <span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;">-List all the factors involved when determining the price of a t-shirt. <span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;">-Show all math work involved when determining the price of the t-shirt. <span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;">-How many t-shirts will Mary’s T-Shirt Shop have to sell in order to make <span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;">a profit? <span style="font-family: 'Times New Roman', Times, serif;"> **<span style="font-family: 'Times New Roman', Times, serif;">Answer: **<span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;">a. $8 <span style="font-family: 'Times New Roman', Times, serif;">b.I added together the price it costs them to buy the shirts, and everything they have to rent per week, and how much the iron-on decals cost. I think $8 is a good price for all of this, and the people selling the shirts would make a good profit.