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