Tuesday, November 27, 2012

My Daughter's Doughnut Shop Business

The other day we were all in the car on the way home from Grandma's house when my 5 year old daughter starts talking about the doughnut shop she's apparently going to run when she's older.  Nothing wrong with that, but it appears she needs a few lessons in mathematics and economics.


She started out by telling us that she was going to sell 5 doughnuts for $3.  Not a bad deal!  That's 60 cents a doughnut, a better deal than most bakeries!  Then she proceeded to tell us that she was selling 6 doughnuts for $7.  Uh?  Excuse me?  5 doughnuts for $3, but 6 doughnuts for $7?  That's not a very good deal!  That 6th doughnut cost $4 by itself!!!  Then she finished up by saying that she was selling 7 doughnuts for $10.  So the 7th doughnut was $3.  Considering that the 6th doughnut was $4, getting the 7th for only $3 is a steal!!!

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