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Matt Schmidt has spent 750$ for a tent, table, and chairs for his lemonade stand. He figures he can sell a glass of lemonade in the park to little league players for $0.75. His cost per drink is estimated to be $0.20. He also has to cover napkins, cups, and other variable costs estimated to be $0.05 per glass of lemonade sold.
He will open his business on June 1 and be open five days each week for the summer months of June-august. He will pay his parents $2 each day to transport him and his materials to and from the park.
Matt projects daily sales of 100 glasses of lemonade.
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