Real-Life Math -- Solution
Income:
Kids = (200 children's classes x 15 students
per class) x $15 per class
Kids = 3,000 x 15
Kids
= $45,000
Adults single = 350 adult classes x $25
per class
Adults single = 350 x 25
Adults single =
$8,750
Adults group = (100 adult group classes x 8 students
per class) x $12 per class
Adults group = 800 x 12
Adults
group = $9,600
Total income = $45,000 + $8,750 + $9,600
Total
income = $63,350
Expenses:
Housing = ($300
rent per month x 12 months per year) + ($250 utilities x 12 months)
Housing
= $3,600 + $3,000
Housing = $6,600
Instructors
= 2 x (200 x 8)
Instructors = 2 x 1,600
Instructors = $3,200
Total
expenses = $6,600 + $3,200
Total expenses = $9,800
Grand
total = $63,350 - $9,800
Grand total = $53,550
Yes,
you should get the money. Your estimates show a gross profit of $53,550.
Jodi
Forlizzi has practiced martial arts for over 15 years. "You can be a great
martial arts teacher but a horrible businessperson. A lot of times, people
will hire a third party just to manage their business," she says.