Understanding Profit Calculation for Alexis's Business

Understanding Profit Calculation for Alexis's Business

Assessment

Interactive Video

Mathematics, Business

8th - 12th Grade

Hard

Created by

Lucas Foster

FREE Resource

The video tutorial explains how Alexis, a personal chef, can calculate the number of four-person meals she needs to sell to achieve a monthly profit of at least $1,425. It covers the concepts of revenue, cost, and profit, and demonstrates how to set up and solve an inequality to find the minimum number of meals required. The tutorial emphasizes the importance of rounding up to ensure the desired profit is met.

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the monthly expense for Alexis's business?

$5,000

$2,500

$4,000

$1,000

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much does Alexis charge for a four-person meal?

$120

$150

$100

$135

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the formula used to calculate profit?

Revenue times cost

Cost minus revenue

Revenue minus cost

Revenue plus cost

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If 'n' represents the number of meals sold, what does 135n represent?

Total profit

Total revenue

Total expenses

Total cost

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the first step in solving the inequality for 'n'?

Divide both sides by 135

Add 4000 to both sides

Subtract 4000 from both sides

Multiply both sides by 135

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the result of adding 4000 to both sides of the inequality?

5000

5425

6000

5025

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What operation is performed to isolate 'n' after simplifying the inequality?

Subtraction

Multiplication

Division

Addition

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