From the course: Business Math

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What would it cost to construct a custom-made oak table?

What would it cost to construct a custom-made oak table?

From the course: Business Math

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What would it cost to construct a custom-made oak table?

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- Let's say that you own a custom furniture business and I am your newest customer. I want to buy a custom-made oak table that can seat everyone in my family. Well this will have to be a big table because I currently have seven children, four of them are married, there are 11 grandchildren, and then there should be special spots, at each end, for my wife, Ramona, and me. That's 24 people. Oh, and I need nice oak chairs for everyone. And I would like the Stice family coat of arms, carefully carved into the surface of the table and into the back of each one of the chairs. Now, let me ask you, have you ever made a table exactly like this before? Well of course not, this is a special custom order. But here I am, at your custom furniture business, wanting to buy this set of table and chairs, from you. But before I agree to buy from you, I need one important piece of information, what price will you charge me? Well that's a tough question. Again, you have never made a table and chairs set…

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