Floor

In: Business and Management

Submitted By sackyack1
Words 564
Pages 3
Word Problem Assignment: Cupcake Business
For this assignment, you need to first save it to your hard drive. Next you want to insert your answers using Equation Editor® in the space below each question. Be sure to show your work. Full credit will not be given if work is not shown.
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Business:
Ann and Bill would like to start a bakery that specializes in cupcakes. This is a hot new trend and they would like to get in on it. They have convinced their families to let them borrow $ 60,000 and they were able to secure a bank loan for another $75,000. They also have $30,000 of their own money that they will be using.
1) Budget:
a) What integer would represent their total initial budget? 60,000 + 75,000 + 30,000 = 165,000

b) Thirty-five percent of this budget will be used for renting space and paying the utilities. Another twenty-five percent will go toward buying bakery equipment and finally another five percent will be used to purchase initial ingredients. Write an algebraic expression that indicates how much money will be spent on renting space, utilities, equipment and supplies. 0.3560,000+75,000+30,000+0.2560,000+75,000+30,000+0.0560,000+75,000+30,000=

c) Write an algebraic equation to show how the total budget is being used. Use x for the remaining funds. Next solve this equation for the remaining funds. 0.35 * 165,000+0.25 * 165,000+0.05 *165,000=x

2) Baking: 0.25 x 165,000 = 41,250 a) You have decided to make two sizes of cupcakes, regular and mini. The regular pans hold 12 cupcakes and the mini pans hold 18. If your oven will hold 6 regular pans and 4 mini pans at the same time, how many cupcakes will you be able to bake at one…...

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