1. The problem statement, all variables and given/known data State the problem. Write the issue, and identify any relevant conditions that effect the situation. How much should we charge in order to sell 2300 burgers each month at each location? What do you think the situation is (state the problem)? What do we have? Is there any information missing that we need to find in order to be able to solve? 2. Relevant equations Below is a research done throughout our market. Research-Market Test on Unit Price Sale Price Average Units sold per location 2.49 3062 2.59 2835 2.75 2498 2.99 2078 3.49 1055 3. The attempt at a solution I'll be honest; my wife and I recently had our first baby; therefore, I have missed a couple weeks of class. My Professor went over a lot of these types of questions in class; however, he is about 2 months behind on posting the notes from class and has been impossible to reach. That being said, here is what I have come up with so far... Am I on the right track at all? "We are being asked to estimate the Sale Price (x) for each individual burger (n), in order to ensure that each location sells a minimum of 2300 units per month. In order to determine the best possible price, I would like to have a manufacturing cost (c) for each unit."