Math Example--Math of Money--Lemonade Stand--Example 4

Topic

The Math of Money

Description

This image compares revenue and total costs in a bar graph to determine profitability after selling 100 cups of lemonade at $1 each. Total revenue is $100, while total costs are $142, showing that the business is not profitable. Example 4: The problem involves determining whether selling lemonade at $1 per cup will be profitable after selling 100 cups. A bar graph shows that revenue ($100) is less than total costs ($142), indicating a loss rather than a profit.

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 This image compares revenue and total costs in a bar graph to determine profitability after selling 100 cups of lemonade at $1 each. Total revenue is $100, while total costs are $142, showing that the business is not profitable. 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.