Wordy Real-Life Problems: Calculating Revenue and Profit

The video tutorial explains how to solve a problem involving the production and sale of candles. It begins by converting the total wax from kilograms to grams to calculate the number of candles produced. The tutorial then details how to calculate the revenue from selling a portion of the candles at full price and the rest at a reduced price. The final step involves summing the revenues to find the total amount earned. The tutorial emphasizes the importance of unit conversion, fraction calculation, and percentage reduction in solving the problem.

What is the first step in solving the problem of calculating the total money made from selling the candles?

• Calculate the total number of candles made.

• Find the fraction of candles sold.

• Convert kilograms of wax to grams.

• Determine the price of each candle.

How many grams of wax are used to make one candle?

• 630 grams

• 210 grams

• 150 grams

• 1000 grams

How many candles can be made from 6300 grams of wax?

• 20 candles

• 25 candles

• 30 candles

• 35 candles

What fraction of the candles is sold at the original price?

• 3/4

• 1/2

• 2/5

• 1/3

What is the total revenue from selling 2/5 of the candles at $13 each?

• $130

• $156

• $200

• $180

By what percentage is the price reduced for the remaining candles?

• 10%

• 15%

• 25%

• 20%

What is the total revenue from selling all the candles after the price reduction?

• $350.00

• $343.20

• $320.50

• $300.00