The Shopkeeper’s Dilemma Cont.

The remaining tasks in this activity involve a potential pricing strategy that Fransisco is considering to increase his profit. As you proceed, remember to break down the problem into smaller parts, use logical reasoning, and check your answer. We’ll also practice rephrasing a statement for clarity, an essential skill in mathematical communication.

Looking at last month’s profit, Fransisco starts to wonder if he could increase it by adjusting the price of his paintbrushes. He is considering increasing the price from [latex]$10[/latex] to [latex]$15[/latex], but he worries that this might deter some customers, leading to a [latex]20\%[/latex] decrease in sales for paintbrushes.

Great job! In this activity, we stepped into the shoes of Francisco and applied problem-solving strategies to calculate his profit from selling canvases and paintbrushes. We also explored the strategic side of business by considering the impact of pricing adjustments on sales and overall profit. In the process, we used careful reading, key information identification, visualization, and logical reasoning while honing our skills in problem solving. Remember, these skills are crucial not just in business, but also in solving a wide variety of everyday problems. Keep up the good work!