Cookies Inc. : Business Math & Recipe Ratios

Welcome to the "Cookies Inc. - Recipe Ratios" Business Lab! This lab is designed to provide high school students with hands-on experience in entrepreneurship, mathematics, and business management.

In this lab, students will embark on a journey to start their own cookie business using grandma's special recipe. However, there's a twist – they begin with limited funds and must navigate through mathematical calculations, budgeting, and decision-making to turn their business idea into a profitable venture.

The lab unfolds in several stages:

1. Business Idea Exploration: Students explore the concept of starting a cookie business, initially outside a mall using a cookie cart.
2. Mathematical Conversions: Students apply mathematical concepts such as ratios and proportions to convert kitchen units (like cups and tablespoons) into standard units (such as pounds and gallons) for ingredients.
3. Cost Calculations: Using a supplier's rate card, students calculate the total cost of making one cookie and determine the cost for a batch of 25 cookies.
4. Budgeting and Purchasing: With a $1500 investment from grandma, students budget and purchase ingredients for their initial batch of cookies while ensuring they stay within budget.
5. Sales and Revenue: Students track their sales at $1.20 per cookie, using the revenue from the first month to reinvest in ingredients for subsequent batches.
6. Profit Generation: The ultimate goal is for students to generate enough profit by the end of the third month to repay grandma's initial investment and have an additional $3000 in profit.

Through this immersive lab, students will develop critical skills in mathematics, financial literacy, problem-solving, and entrepreneurial thinking. It's a dynamic learning experience that bridges the gap between classroom learning and real-world application, preparing students for future success in business and beyond.