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6. Target Profit Example: Pretend you want to run a lemonade stand for one week over the summer and you want to make $500 dollars.

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6. Target Profit Example: Pretend you want to run a lemonade stand for one week over the summer and you want to make $500 dollars. It costs you $0.50 per cup of lemonade and you think you can sell 200 cups of lemonade over a week. a. Calculate the price at which you would have to sell each cup of lemonade in order to make your desired profit? b. Given your profit objectives and price per cup, do you think this is a good business plan for the week? Why or why not

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