Lemonade Stand Simulation

621 Words3 Pages
On day one, the weather forecast called for rain, so the price of my product was $0.10 per cup. I also changed the suggested quantities of sugar, lemons, and ice per pitcher/cup from four to five. I purchased 150 cups, 75 lemons, 48 cups of sugar, and 350 ice cubes. I sold 42 cups of lemonade to 83 potential customers. My only loss was in ice. On day two, the weather forecast was overcast, with a temperature of 93 degrees, so I raised the price of the lemonade to $0.20 per cup. I bought 20 cups of sugar and 250 ice cubes. I sold 48 cups of lemonade to 50 potential customers. My customer satisfaction rate was at 100% and my popularity grew from 4% to 8%. My losses were in ice and twelve spoiled lemons; next time, I will not purchase as many lemons. I made approximately $8.00 in profit. On day three, the weather forecast was hazy, with a temperature of 89 degrees, so I kept the price of the lemonade to $0.20 per cup. I bought 50 cups and 250 ice cubes. I sold 46 cups of lemonade to 63 potential customers. My customer satisfaction rate was at 100% and my popularity grew from 8% to 12%. My only loss was in ice. I made approximately $10.00 in profit. On day four, the weather forecast was clear and sunny, with a temperature of 82 degrees, so I raised the price of the lemonade to $0.25 per cup. I bought 50 cups, 20 lemons, 48 cups of sugar, and 200 ice cubes. I sold 40 cups of lemonade to 75 potential customers, but because I became sold out from not having enough inventory. My customer satisfaction rate was at 100% and my popularity grew from 12% to 16%. My only loss was in ice and one spoiled lemon. I made approximately $10.00 in profit. On day five, the weather forecast was cloudy, with a temperature of 5 degrees, so I dropped the price of the lemonade back to $0.10 per cup. I bought 20 lemons and 100 ice cubes. I sold 20 cups of lemonade to 81 potential customers,

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