Question

2. You have decided to start a business of lemonade and potato chips with your friend during the summer vacations. Since you do not have the money to start the business , you decide to borrow it from a friend. He/She lends money at an interest of 4%. You have to return the loan amount within 2 monthsfrom the profit you make from the business. (CM) Work out the detials of the business stating the following: i) The item/raw materials required. ii) Cost Price of each item required. iii) Cost of one glass of lemonade and a packet of chips. iv) Money needed to start the business/loan taken v) Profit sharing ratio between you and your friend. vi) What should your selling price be, if you want to make a profit of 25% on the cost price? vii) What is the interest amount you would have to pay in 2 months? viii) You also need to consider what would be more profitable - buying potato chips available in the market or making them yourself. ix) Make a project report, taking into consideration all the requirements mentioned above.

Answer 1

Step-by-step explanation:

I think option 3 is the correct answer