KJ's Mobile Wedding Chapel

KJ Stahl Adv. Algebra II, 9/27/2013

Business Plan

In my business, KJ's Mobile Wedding Chapel, I will be providing people with a cheap effective way to get married on the fly! We will provide 30 minute weddings and 60 minute weddings.

Business Plan: Restrictions

I will be able to do no more than 4 thirty minute weddings per day and 2 sixty minute weddings per day. In my first day I cannot spend more than $2,400.

Restrictions: Systems of Inequalities

x = # of thirty minute weddings, y = # of sixty minute weddings

x ≥ 0, x ≤ 4

y ≥ 0, y ≤ 2

300x + 600y ≤ 2,400

Business Plan: Cost & Selling Prices

The thirty minute wedding costs me $300, and the sixty minute wedding costs me $600.

I can price the thirty minute wedding at $600, and the sixty minute wedding at $1,100.

Business Plan: Profits

My profits will be the money made minus the money spent.

x = # of thirty minute weddings, y = # of sixty minute weddings

Cost = $300x + $600y

Sell = $600x + $1,100y

Profit = Sell - Cost

P = (600x + 1,100y) - (300x + 600y) OR

P = 300x + 500y4

Maximize Profits

(0,2) = 300(0) + 500(2) = $1,000

(4,2) = 300(4) + 500(2) = $2,200

(4,0) = 300(4) + 500(0) = $1,200

My profits each day will be maximized if I do 4 thirty minute weddings and 2 sixty minute weddings per day.

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