Math Example--Math of Money--Lemonade Stand--Example 7

Topic

The Math of Money

Description

The image shows a lemonade stand with a bar graph comparing costs and revenue for selling 200 cups of lemonade at $1.25 per cup. The cost is $194, and the revenue is $250. The background includes trees, clouds, and lemons. Example 7: This example combines two options: increasing both the price and number of cups sold to make the lemonade stand profitable. It shows a bar graph where 200 cups are sold at $1.25 per cup, generating a revenue of $250 while costs rise to $194, resulting in a larger profit margin compared to previous examples. Cost breakdown: 90 + 8 * 13 = 90 + 104 = 194.

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 200 cups of lemonade at $1.25 per cup. The cost is $194, and the revenue is $250. The background includes trees, clouds, and 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.