In math we have been studying price which includes markups, markdowns, and many other terms and formulas. Our first project for this unit was a project based around making our own company, and selling our own products. We have discussed between our group and decided on doing a multiple candy style mystery bag. For this part of our project we created an online survey to find the types of candy we would be using. Though this wasn’t the hard part, for our project we have thought of many ways to come up with a price. One of the main dividing factors was that our company is a nonprofit organization. This means that all we have to do is make a profit that is a suitable donation, there is no corporate greed when it comes to money. I think that if we had a 100% mark up on are original price we payed to buy our product we would make a significant profit. Like I stated before, we do not have a greed for money, we care about the manufacturing condition, and the state of our workers which are the people in our group. A way to maximize profit while minimizing impact on workers and the environment, would be to sell the products at a higher mark upon rate. With the extra money you could create a safer environment for the workers. The safer environment or building that your business resides in, the less eco foot print it puts out. Even though you would make less profit, you would be saving the environment.  The only problem is if it is worth the loss of income.

What would you do? Tell us in the comments below.