Name

Figure it Out

Directions: Read each scenario below and complete the answers. For each scenario,
show your work for any math problems.

1. Elmer has recently opened a small hot dog cart. He needs to calculate his
profitability for the previous month. Elmer has the following information:
Purchase of ingredients and condiments………………………...$72.99
Income from sales of hotdogs………………………………….$1,892.00
Space rental ($20 per day @ 24 days)………………...…......$
Loan payment of the cart………………………………….………..$81.00

Answer $ Is this business profitable? YES NO

2. Emily owns a landscaping business. She offers one-time services to mow, trim the
edges, and pull weeds. Emily also offers a monthly subscription service in which the
customer can sign up to have their landscaping done twice each month on a
continuing basis. For the previous month, Emily collected $2,002 for the monthly
subscription services and $1,763 in one-time landscape services. Emily had to
purchase a new riding mower for the month which costs $2,076. The businesses
overhead for the period was $1,955.

Answer $ Is this business profitable? YES NO

3. Jennifer makes cupcakes to sell at the local farmers market along with her own
cookbook which she recently finished creating. On a recent Saturday, Jennifer sold
all 473 cupcakes she made at a cost of $2.50 each. The cost of all ingredients used
to make the cupcakes was $97.82. Jennifer only sold 27 cookbooks for $18 each,
with the costs of production and licensing costing her $2,200. The Farmers market
charged her $200 for use of the booth for the entire day.

Answer $ Is this business profitable? YES NO