Entrepreneur:

________________________
Class: ____________

Market Day Bookkeeping Guide

This guide will help you organize all your financial calculations. You will submit this guide with any extra
papers at the end of the project.
What is the name of your product? ___________________________________________
Describe your product and draw a sketch of it.

Part 1: Materials Cost

Use the table below to figure out your materials cost. If you need more space use an extra sheet of paper
and attach it to this packet.
Material
(Be descriptive by putting the number of items in a pack, etc)

Price
(be exact)

Total Materials Cost: _________________________

How many items do you hope to produce? ________________

Part 2: Unit Price and Selling Price Determination

The unit price is how much it will cost you to produce each item.

Total Materials Cost

=
# of items you hope to produce

Unit Price

Take a look at your survey data and your unit price and determine how much you will be charging for your
product. Once you decide your selling price, you will no longer be allowed to change it.

Selling Price = ________________________

Part 3: Create Sales Equation

This will be a linear function in the form of
y
y

y=m x . The slope is your selling price.

=
=

x
x

m
(the selling price)

Sales Equation: ________________________

Part 4: Data Table

Part 5: Graph

You must have at least 10 input values.

X
(Independent Variable, the Number of
Items)

Y
(Dependent Variable, the Price)

Graph your data using the data table on

graph paper and attach to this guide. It
must include:

the x and y axes with arrows at the

ends
each axis must be labeled with the
x and y
the actual independent and
dependent variable labels
an appropriate title
intervals on the x and y axes have
to be appropriate

Part 6: Break-Even Point Determination

The break-even point is the point at which you have made enough money to cover the materials cost you
spent. In order to determine your break-even point you can choose to show it on the graph or use the
equation below:

y=m x
Total Materials Cost = (unit price)

Number of items to sell in order to reach the break-even point: ______________________________________

Part 7: Post-Market Day Reflection

Calculate the final profit:

Total Sales

=
Materials Cost

Profit

You are to write a paragraph reflecting upon your experiences. In your reflection you must do the
following:

State whether you made a profit, broke-even or had a loss.

o If you made a profit what do you think made you successful?
o If you at least broke-even what should you have done to earn a profit?
o If you had a loss, what should you have done differently?
Give specific examples to support your statements.
Use proper spelling, grammar and punctuation.

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