For the christmas fayre, we were asked to create a group of 4. When we had sorted our groups out, we were given 300 RMB to work with. We had about 3 weeks to prepare everything that we were going to sell at the Christmas Fayre. There was plenty of options, ordering from the internet, baking and cooking our own goods. My group decided to have hot chocolate, chocolate brownies, cookies and a fun kind of lottery. The prizes for the game were Chinese feather kickers a.k.a Jing Zi. We baked everything the night before the fayre and prepared everything in detail.
When we got to the fayre the next day, we were assigned a table where we presented our cookies, brownies and the game. The game was a box full of carrots where the person had to pick the golden carrot, which was the snowman’s nose. People started rolling in and we sold a lot of cookies and brownies but especially hot chocolate with whipped cream and marshmallows. We sold these for 20 RMB, making a large amount of money in a short period of time. During the fayre, it turned out people were not interested in our game but interested in buying our prizes for the game. So we sold our prizes for 15 RMB each.
At the end of the farye we cleaned everything up and sold our very last items very cheaply, just to maximize profit. We counted our money and it turned out we had made 1160 RMB. which is about 4 times more than our expenses. Profit at the end of the evening was 860 RMB. All the money that was made will be donated to the Roundabout charity in the new year.
Update from Year 10 Business Studies Students - Daniel Palmgren, Seongwon, and Laura Snook