Understanding Business Costs and Plans

A student wants to start a small business selling handmade bracelets. Each bracelet costs $3 to make, and they plan to sell them for $10 each. How many bracelets must they sell to start making a profit?

• 10

• 1

• 5

• 15

If the student sells 15 bracelets, how much profit will they make?

• $15

• $105

• $60

• $30

A family is comparing two internet service providers. Provider X charges a $30 monthly fee plus $0.02 per GB used, while Provider Y charges no monthly fee but $0.15 per GB. At what data usage do both plans cost the same?

• 200 GB

• 300 GB

• 230.77 GB

• 150 GB

If a student buys materials for 20 bracelets at $3 each and sells them for $10 each, what is their total revenue?

• $100

• $150

• $200

• $300

What is the formula to calculate the profit made from selling handmade bracelets?

• Revenue + Costs

• Fixed Costs + Variable Costs

• Costs - Revenue

• Revenue - Costs

A student is considering two suppliers for bracelet materials. Supplier A charges $2 per bracelet, while Supplier B charges $2.50 per bracelet. If the student plans to make 50 bracelets, how much will they save by choosing Supplier A?

• $25

• $15

• $10

• $20

Reflect on your answers: What strategies could you use to improve your skills in applying linear equations to make financial decisions?