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Mini Lesson:

Earning Income 4.4c

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Choose to either operate a lemonade stand or lawn mowing service and then decide each of the components listed below your chosen business idea

Money Behind the Business

Note: There are 20 customers per day and 1 cup costs 20 ¢ to create

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Decide….

- Selling Price (number of $ per cup of lemonade)

- # of Days in the week stand is open

Lemonade Stand

Lawn Mowing Service

Note: There are 3 lawns to mow per day and it costs 20$ a week to rent the lawn mower

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Decide…..

- Charge per lawn

- # of Days in the week spent mowing lawns

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Calculate Your Profit

Things to Keep in Mind, In a real world scenario….

  • Number of customers per day and number of lawns to mow per day would vary and depend on a variety of factors including price, season, area where service is provided, marketing, etc.
  • While renting the lawn mower may be cheaper in the short-term as there is no big upfront cost, buying the lawn mower in the long term makes more profit with no weekly rent due

Now Calculate Your Profit!

20 customers per day x Number of Days Open a Week x Selling price = Total Sales

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Total Sales - (20 customers per day x Number of Days Open a Week x 20¢ to create a cup) = Total Profit each Week

2 lawns per day x Number of Days Mowing Lawns x Charge per Lawn = Total Sales

Total Sales - 20$ weekly rent for lawn mower = Total Profit each Week