Imagine the year is 2018, long before COVID-19. Your family has started a new venture: operating a car wash near a popular lakeside resort, just outside of Prince George.

There are many other car wash ventures nearby, and there seem to be new ventures opening and closing all the time. You can see that the customers care only about finding the cheapest price for car washes; they do not care which car wash they use.

Your family purchased the equipment and the building for the car wash. You were able to spend $1,000 of your savings to go towards this purchase. To cover the rest of this expense, you took out a small business loan. The cost of the loan comes to $15 per day for the next 3 years. Your venture must hire labour and purchase cleaning solutions, car wax, etc. to operate the car wash. After some research, you have figured out that the cost for labour and supplies is as follows the data ( the data is in the picture)

• When the lakeside resort is open, you observe that you can charge a price of $15.00 per car wash. ?
• When the resort is closed, the demand for car washes is much lower. You are only able to charge a price of $6 per car wash.

Right now the resort is open. Currently, you are selling 17 car washes per day.

years. Your venture must hire labor and purchase cleaning solutions, car wax, etc. to operate the car wash. After some research you have figured out that the cost for labor and supplies is as follows: Number of car washes sold per day Total cost for labour and supplies $10.67 $12.67 $16.00 $20.67 $26.67 $34.00 $42.67 $52.67 $64.00 $76.67 $90.67 $106.00 $122.67 $140.67 $160.00 $180.67 $202.67 $226.00 $250.67 $276.67