Gary's hobby is to make models of 5 mall sailing boats. He decides to make some to sell. His fixed cost is R2 000,00 and each sailboat costs him R 60,00 to make. They are time consuming to make, so he sells them for R150,00 each. The equation for his expenses is: Cost \( = \) R2000,00 \( +( \) R \( 60,00 \times \) No. of sail hoats 1.2 .1 . Determine the equation for his Income. 1.2 .2 . Complete the table below for the income received.
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Mind Expander
Gary's income from selling his sailboats can be described with a straightforward equation based on the number he sells. If he sells each sailboat for R150,00, the equation for his income would be: Income \( = \) R \( 150,00 \times \) No. of sailboats sold. Now, let's fill out the table for his income. If he sells 0, 1, 2, 3, 4, or 5 sailboats, the income would be calculated as follows: - **0 sailboats:** R 150,00 × 0 = R 0,00 - **1 sailboat:** R 150,00 × 1 = R 150,00 - **2 sailboats:** R 150,00 × 2 = R 300,00 - **3 sailboats:** R 150,00 × 3 = R 450,00 - **4 sailboats:** R 150,00 × 4 = R 600,00 - **5 sailboats:** R 150,00 × 5 = R 750,00 Gary's venture into selling sailboat models turns into a sea of opportunity! Not only does he get to create, but he also has the potential to earn some pocket money. It’s all about balancing the love for crafting with the savvy of a business mindset! This scenario illustrates the classic principles of entrepreneurship, where the combination of creativity, understanding costs, and pricing can lead to financial success. Gary is sailing towards making his hobby profitable, and with each boat sold, he's one step closer to charting the waters of entrepreneurship!
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