Entrepreneur Project For Mr. Lenaway’s Math 8 classes

HERE IS AN EXAMPLE OF THE INFORMATION YOU RECEIVED FROM ME: Restaurant Start-up cost $500,000 $500,000 loan must be paid off in 15 years Monthly cost $4,000 Average customer spends $9.00 per order Average customer costs $3.00 per order Average number of customers per day is x

HERE IS HOW TO DEVELOP YOUR SYSTEMS OF EQUATIONS: Restaurant Start-up cost $500,000 $500,000 loan must be paid off in 15 years Monthly cost $4,000 Average customer spends $9.00 per order Average customer costs $3.00 per order Average number of customers per day is x THE SYSTEM OF EQUATIONS YOU NEED TO FIGURE OUT IS FOR THE BREAK EVEN POINT or “HOW MANY CUSTOMERS DO YOU NEED TO PAY ALL OF YOUR BILLS?”Revenue

HERE IS HOW TO DEVELOP YOUR SYSTEMS OF EQUATIONS: Restaurant Start-up cost $500,000 $500,000 loan must be paid off in 15 years Monthly cost $4,000 Average customer spends $9.00 per order Average customer costs $3.00 per order Average number of customers per day is x COSTS BEFORE

HERE IS HOW TO DEVELOP YOUR SYSTEMS OF EQUATIONS: Restaurant Start-up cost $500,000 $500,000 loan must be paid off in 15 years Monthly cost $4,000 Average customer spends $9.00 per order Average customer costs $3.00 per order Average number of customers per day is x COSTS after

HERE IS HOW TO DEVELOP YOUR SYSTEMS OF EQUATIONS: Restaurant Start-up cost $500,000 $500,000 loan must be paid off in 15 years Monthly cost $4,000 Average customer spends $9.00 per order Average customer costs $3.00 per order Average number of customers per day is x THE SYSTEM OF EQUATIONS YOU NEED TO FIGURE OUT IS FOR THE BREAK EVEN POINT or “HOW MANY CUSTOMERS DO YOU NEED TO PAY ALL OF YOUR BILLS?” UNDERSTANDING: Before 1 customer walks in the door, my business will cost me nearly $7K per month. UNDERSTANDING: Before 1 customer walks in the door, my business will cost me nearly $4K per month.

NEXT STEP: GRAPH USING ONLINE GRAPHING CALCULATOR. ***I PREFER ***

NEXT STEP: GRAPH USING ONLINE GRAPHING CALCULATOR. ***I PREFER *** You can’t have negative customers or negative revenue, so the “min” should be set to 0. You can play around with your “max” values so that your data is clearly displayed.

NEXT STEP: GRAPH USING ONLINE GRAPHING CALCULATOR. ***I PREFER *** WHERE LINES INTERSECT IS WHERE BREAKEVEN POINTS ARE.

NEXT STEP: GRAPH USING ONLINE GRAPHING CALCULATOR. ***I PREFER *** YOU SHOULD DO THIS TWICE. ONCE FOR BEFORE LOAN IS PAID OFF, AND ONCE FOR AFTER THE LOAN IS PAID OFF. ROUND ALL VALUE UP TO NEAREST WHOLE NUMBER. IN THIS CASE MY INTERSECTING POINTS MEAN THAT I NEED 1130 CUSTOMERS TO PAY $10,167 WORTH OF BILLS.

NEXT STEP: FIGURE NUMBER OF CUSTOMERS NEEDED FOR $3000 PROFIT. GRAPH USING ONLINE GRAPHING CALCULATOR.