Posted: April 8th, 2016

How can equations and inequalities help a business maximize profit or minimize costs?

How can equations and inequalities help a business maximize profit or minimize costs? What is the importance of understanding how to set up and solve equations and inequalities? Discuss in general without a mathematical example. Part IIBreak Even Analysis: A Look at Profit and Loss: Recently opened a specialty pizza restaurant. It is feasible to sell your specialty pizzas for $15. The cost for making the pizzas includes a fixed cost of $55 and a labor cost of $4 per pizza. Establish an equation to determine revenue. Establish an equation to determine total cost. How many pizzas must be sold to break even (you experience neither a profit nor a loss)? Interpret your result. Understanding of profit and loss. The formula for determining profit is (P = R – C).Determine the profit if 500 specialty pizzas are sold. Interpret your result. How many specialty pizzas would need to be sold to make a profit of $1,100? Interpret your result. How many specialty pizzas would you need to sell if you wanted to make a profit greater than $1,595? Interpret your result. Part III: Research funding options. Starting a new Florist Shop. Do research using the Internet to find more information about loans for small business owners. Discuss how small business loans work and your options for obtaining a loan. Discuss the process and procedures for obtaining the loan. Report your findings in 2 paragraphs.

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