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At What Price? by Shermane King. The Cookie Problem "The Fresh Bakery currently sells 1000 large chocolate chip cookies each week for $0.50 each. The.

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Presentation on theme: "At What Price? by Shermane King. The Cookie Problem "The Fresh Bakery currently sells 1000 large chocolate chip cookies each week for $0.50 each. The."— Presentation transcript:

1 At What Price? by Shermane King

2 The Cookie Problem "The Fresh Bakery currently sells 1000 large chocolate chip cookies each week for $0.50 each. The bakery would like to increase its revenue from the cookie sales by increasing this price. A survey convinced the manager that for every $0.10 increase, the bakery would sell 70 fewer cookies each week. At what price should the cookies be sold to maximize the revenue to the bakery?

3 Initial Solution xcookiespricerevenue $ 0.50 $ $ 0.60 $ $ 0.70 $ $ 0.80 $ $ 0.90 $ $ 1.00 $ $ 1.10 $ $ 1.20 $ $ 1.30 $ $ 1.40 $

4 Solution!!

5 Connection to Secondary Mathematics Algebra I: create a table, analyze table, generate solution. Algebra II: find the vertex of the parabola.

6 Extensions Given revenue find the price and amount of cookies Cost Profit = revenue – cost Change the problem completely

7 The End


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