Math Example--Math of Money--Lemonade Stand--Example 5

Topic

The Math of Money

Description

The image shows a lemonade stand with a bar graph comparing costs and revenue for selling 100 cups of lemonade. The cost is $142, and the revenue is $150, assuming each cup is sold for $1.50. The background includes a sunny outdoor scene with lemons. Example 5: The caption discusses one option to make the lemonade stand profitable: increasing the price per cup. It shows a bar graph where 100 cups are sold at $1.50 per cup, resulting in a total revenue of $150 and a cost of $142. This leads to a small 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 The image shows a lemonade stand with a bar graph comparing costs and revenue for selling 100 cups of lemonade. The cost is $142, and the revenue is $150, assuming each cup is sold for $1.50. The background includes a sunny outdoor scene with lemons. 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.