This is part A. i have it all set up. i did it on scratch paper also so you can see it better.
scratch paper
this is part b and c and d
im not understanding what this page is asking me. i have no clue where to start.
part d and e ^^
the final part
Academic Honesty Statement Name: By signing below, I affirm that I have not given nor received any unauthorized aid on this Project. All work is my own MATH 1001 Date Instructor: Signature Unit 1 Project: Snack Shop (Ratio, Proportion, Percent) Instructions: Use the instructions Document to help you complete this project. Then scan and submit all pages of this student Work document to the appropriate Assignment folder in D2L With a budget of $325, you have decided to open a snack shop on campus. You can only choose 4 items to sell in your shop (2 salty and 2 sweet). But, you can purchase multiple cases of each snack you choose. You must make sure to purchase at least 525 items and spend at least $275 of your $325 budget. This project will help you to decide which options will be best for your store. You will also explore the potential profit you could make. Remember to refer to the background information given in the instructions. IMPORTANT: Round All dollar amounts at each step of the project to the nearest cent. A. The first thing you will need to do is to compare the prices of the different items by calculating the Unit Price You will calculate both the price per item and the price per ounce to determine which snacks you want to incorporate into your store. Salty Snacks Cost per item Cost per ounce Lance Assorted Sandwich Crackers $27.60/120-$0.23 $0.23/1.4=$0.16 Original Corn Chips $22.90/50-50,490.401 -0.46 Nabisco Ritz Toasted Sour Cream and Onion 1520,40)22= $0921509281 - 1 Chip Salted Almonds $17.0018 = 132.13 $2.13/1 = 13 2.12 Frito Lay Variety Pack Potato Chips 18.4662 - 10.20 $0.30415 0.067 Cost per item Cost per ounce Sweet Snacks Nabisco Oreo Cookies Animal Crackers Nutri-Grain Bar S61 62/80=10671087/5-10.58 520:20)75=50.40s 040)24=10.17 527102)43=20:5050.56|1,3-1043 1526.55)36 = 10:40,74 20.37 18.74 35 = $0.15 10.1541 =0.003 Strawberry Shortbread Cookies Mars Assorted Candy Bars salty Original com chips - 122.90)50 - $0.46 $0.46/1 = $0.46 Nabisco Ritz - $20.40/22 = $0.93 $0.93/8.1 = $0.11 salted Almonds- $17.00/8 = $2.13 $2.13/1= $_2.13 Frito lay variety - $18.49/62 = $0.30 $0.30/41 = $ 0.007 Sweet Nabisco Oreo Cookies - 169.63.80 = 160.87 0.97/1.5 = $0.58 Animal Crackers $30.26 75 10.40 $0.402.4 = $0.17 Nutri Grain Bar - $ 27.02.48 0.51 $0.56 11.3= $0.43 strawberry cookies - $26.55136= $0.74 $0.74/2= $0.37 Mars Assorted - $18.74/85 = $0.15 10.15141 = $0.003 B. Now, you will decide the items and quantities you wish to purchase (two salty items and two sweet items). Remember, your Budget is $325 and you must spend at least $275 and purchase at least 525 items to sell. Snack Name #Cases Total Cost Number of Items ("") Overall cost and Number of Items **Remember, the total cost must be between $275 and $325 and the total number of items must be at or above 525. C. Let's set prices! As described in the instructions document, markup is identical to a Percent Increase over the wholesale cost. Based on your research, what markup percentage have you chosen and why? From what we know of a markup, please choose one markup percentage. Write one paragraph (3-4 sentences) in the box below to answer these questions. Make sure to reference what you found out about the Law of Demand. What percentage did you choose (one number, not a range of numbers): D. Using the markup percentage you chose in part C, calculate the prices you will charge for your snacks and how much profit you will make on each item. Round all answers to the nearest cent. You must show all calculations in the space provided and then report your answers in the table. Your Cost Per Item (part A) Snack Name Price you will charge customers Profit made per item sold E. You have purchased your items and set your prices, but how many items will you sell and how much profit will you make? Calculate how much profit you will make if you sell 90% of your items, 70% of your items, or 55% of your items. ** Round the number of items sold to the nearest whole number. For example, if you purchased 125 items of a certain snack and you sell 90% of them, you would write 113 in the Number of Items Sold column. Scenario 1: You sell 90% of your inventory. Number of Items Snack Name purchased (part B) Number of Items Sold Profit made per Item sold (part D table) Amount of Profit Made TOTAL Scenario 2: You sell 70% of your inventory. Number of Items Snack Name purchased (part B) Number of Items Sold Profit made per Item sold (part D table) Amount of Profit Made TOTAL Scenario 3: You sell 55% of your inventory. Number of Items purchased (part 3) Profit made per item sold (part D table) Number of Items Sold Snack Name Amount of Profit Made TOTAL F. Using the table given in the Instructions Document at the top of page 3, determine how many of your items you should expect to sell based on the markup percentage you chose in part C. In other words, which scenario from part E represents your shop? What percentage of your items should you expect to sell? Which scenario from part E represents your shop? Using the table that represents that scenario, what is the total number of items you sold? What is the total amount of profit you made? (** Academic Honesty Statement Name: By signing below, I affirm that I have not given nor received any unauthorized aid on this Project. All work is my own MATH 1001 Date Instructor: Signature Unit 1 Project: Snack Shop (Ratio, Proportion, Percent) Instructions: Use the instructions Document to help you complete this project. Then scan and submit all pages of this student Work document to the appropriate Assignment folder in D2L With a budget of $325, you have decided to open a snack shop on campus. You can only choose 4 items to sell in your shop (2 salty and 2 sweet). But, you can purchase multiple cases of each snack you choose. You must make sure to purchase at least 525 items and spend at least $275 of your $325 budget. This project will help you to decide which options will be best for your store. You will also explore the potential profit you could make. Remember to refer to the background information given in the instructions. IMPORTANT: Round All dollar amounts at each step of the project to the nearest cent. A. The first thing you will need to do is to compare the prices of the different items by calculating the Unit Price You will calculate both the price per item and the price per ounce to determine which snacks you want to incorporate into your store. Salty Snacks Cost per item Cost per ounce Lance Assorted Sandwich Crackers $27.60/120-$0.23 $0.23/1.4=$0.16 Original Corn Chips $22.90/50-50,490.401 -0.46 Nabisco Ritz Toasted Sour Cream and Onion 1520,40)22= $0921509281 - 1 Chip Salted Almonds $17.0018 = 132.13 $2.13/1 = 13 2.12 Frito Lay Variety Pack Potato Chips 18.4662 - 10.20 $0.30415 0.067 Cost per item Cost per ounce Sweet Snacks Nabisco Oreo Cookies Animal Crackers Nutri-Grain Bar S61 62/80=10671087/5-10.58 520:20)75=50.40s 040)24=10.17 527102)43=20:5050.56|1,3-1043 1526.55)36 = 10:40,74 20.37 18.74 35 = $0.15 10.1541 =0.003 Strawberry Shortbread Cookies Mars Assorted Candy Bars salty Original com chips - 122.90)50 - $0.46 $0.46/1 = $0.46 Nabisco Ritz - $20.40/22 = $0.93 $0.93/8.1 = $0.11 salted Almonds- $17.00/8 = $2.13 $2.13/1= $_2.13 Frito lay variety - $18.49/62 = $0.30 $0.30/41 = $ 0.007 Sweet Nabisco Oreo Cookies - 169.63.80 = 160.87 0.97/1.5 = $0.58 Animal Crackers $30.26 75 10.40 $0.402.4 = $0.17 Nutri Grain Bar - $ 27.02.48 0.51 $0.56 11.3= $0.43 strawberry cookies - $26.55136= $0.74 $0.74/2= $0.37 Mars Assorted - $18.74/85 = $0.15 10.15141 = $0.003 B. Now, you will decide the items and quantities you wish to purchase (two salty items and two sweet items). Remember, your Budget is $325 and you must spend at least $275 and purchase at least 525 items to sell. Snack Name #Cases Total Cost Number of Items ("") Overall cost and Number of Items **Remember, the total cost must be between $275 and $325 and the total number of items must be at or above 525. C. Let's set prices! As described in the instructions document, markup is identical to a Percent Increase over the wholesale cost. Based on your research, what markup percentage have you chosen and why? From what we know of a markup, please choose one markup percentage. Write one paragraph (3-4 sentences) in the box below to answer these questions. Make sure to reference what you found out about the Law of Demand. What percentage did you choose (one number, not a range of numbers): D. Using the markup percentage you chose in part C, calculate the prices you will charge for your snacks and how much profit you will make on each item. Round all answers to the nearest cent. You must show all calculations in the space provided and then report your answers in the table. Your Cost Per Item (part A) Snack Name Price you will charge customers Profit made per item sold E. You have purchased your items and set your prices, but how many items will you sell and how much profit will you make? Calculate how much profit you will make if you sell 90% of your items, 70% of your items, or 55% of your items. ** Round the number of items sold to the nearest whole number. For example, if you purchased 125 items of a certain snack and you sell 90% of them, you would write 113 in the Number of Items Sold column. Scenario 1: You sell 90% of your inventory. Number of Items Snack Name purchased (part B) Number of Items Sold Profit made per Item sold (part D table) Amount of Profit Made TOTAL Scenario 2: You sell 70% of your inventory. Number of Items Snack Name purchased (part B) Number of Items Sold Profit made per Item sold (part D table) Amount of Profit Made TOTAL Scenario 3: You sell 55% of your inventory. Number of Items purchased (part 3) Profit made per item sold (part D table) Number of Items Sold Snack Name Amount of Profit Made TOTAL F. Using the table given in the Instructions Document at the top of page 3, determine how many of your items you should expect to sell based on the markup percentage you chose in part C. In other words, which scenario from part E represents your shop? What percentage of your items should you expect to sell? Which scenario from part E represents your shop? Using the table that represents that scenario, what is the total number of items you sold? What is the total amount of profit you made? (**
