Math Example--Math of Money--Lemonade Stand--Example 3

Topic

The Math of Money

Description

The image explains how to calculate the total cost for making 100 cups of lemonade by combining fixed and variable costs. The fixed cost is $90, and the variable cost for each batch of 25 cups is $13. The total cost for 100 cups is $142. Example 3: The problem involves calculating the total cost for making 100 cups of lemonade by adding the fixed cost ($90) and four times the variable cost ($13 per batch). Total cost: 90 + (4 * 13) = 142.

In general, this topic delves into the calculations and logical thinking required to understand the math of money. Through real-world contexts like lemonade stands, students explore concepts such as costs, revenues, and profits, helping them make connections to practical applications of math. This collection of examples supports educators in providing concrete demonstrations of abstract ideas.

Seeing multiple worked-out examples is crucial for students to grasp mathematical concepts thoroughly. It allows learners to observe patterns, understand diverse approaches, and solidify their knowledge by analyzing various scenarios.

Teacher Script: "Let's analyze this example together. Look closely at the image. It illustrates The image explains how to calculate the total cost for making 100 cups of lemonade by combining fixed and variable costs. The fixed cost is $90, and the variable cost for each batch of 25 cups is $13. The total cost for 100 cups is $142. What do you notice about the values or relationships shown? How would you apply this calculation to a real-world scenario, like running your own lemonade stand?"

For a complete collection of math examples related to The Math of Money click on this link: Math Examples: Lemonade Stand Collection.