Problem: Panera Bread, a national chain located on The 29th Street Mall, Boulder

Question

Problem:

Panera Bread, a national chain located on The 29th Street Mall, Boulder, Colorado, and elsewhere in the US, is a popular coffee house specializing in baked breads and other tasty consumables, reports that during the first 5 years it had a sales growth of 5000% (*)


Questions:

Suppose that sales were $100,000 in 1991. At this growth rate, what would sales have been in 1996? (5 years later).
Let x correspond to the number of years since 1990. Write a linear sales function and estimate the sales in 2015.

Explanation / Answer

sales in 1996 = 100,000*5100/100 = $ 5,100,000

S(x) = 100,000+ 1000,000x

=>

sales in 2015 = $24,100,000

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