Use equations to model a business plan and determine the break-even point.
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There is only one Anchor Problem for this lesson, however, it is longer than usual. It can be done with the whole class, or students can tackle it in small groups. The Target Task has students create their own problem similar to the Anchor Problem. The Problem Set Guidance includes a variety of resources that involve real-world applications.
If you need to adapt or shorten this lesson for remote learning, we suggest prioritizing Anchor Problem 1 (can be done independently). This could be a good opportunity for students to work in small groups together. Find more guidance on adapting our math curriculum for remote learning here.
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Corey and Chloe are making small wooden tables to sell at the school fair. They have some fixed costs and some variable costs. The fixed costs come to $160 and include things that only need to be purchased once, like an electric saw, measuring tools, and a work station. The variable costs come to $3.50 for each table and include the wood, nails, and glue needed for each table. Corey and Chloe plan to sell each table for $10.
# Tables Sold | Total Fixed Costs | Total Variable Costs | Total Costs | Money Earned from Sales | Total Profit or Loss |
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The following resources include problems and activities aligned to the objective of the lesson that can be used to create your own problem set.
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Create your own business model, similar to Anchor Problem 1.
Show all of your work clearly and include an equation in your answer.
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