Student name: Yin Cheong Chung
Student ID: GEC00000DN
Unit code: VU21389 Design and review a project

Task 1
1. Make decorative book marks and sell them.
2. Magnetic bookmark
3. 1) Choose a thick cardstock paper in any pattern or texture 2) Cut the paper to size 2 inches wide by 6 incheslong, then fold the paper directly down the center to that has two halves measuring 2 x 3 inches 3) Add the Magnets with glue to both end of the thick cardstock paper 4) Decortae the book mark with a matching size of a selected decorative paper with glue
4. On saturday, 22nd of July, 2017
5. Stage 1: 2 hours Stage 2: 6 hours Stage 3: listing items on ebay for 1 day
6. 22 – 23/07/2017
7. I will sell the items online, who interests in my items will purchases online - young people that who like online shopping.
8. …show more content…
50 pieces of the book mark 2. - 3. materials Cost of materials
Thick cardstock paper $4.95 x 3 = $14.85
Decorateive paper $3.95 x 3 = $11.85
Thin magnet sheet $6.95 x 2 = $13.90
Glue pen $1.99
Totoal cost $42.59

4. $80
5. I want to make 50 pieces of the book mark and the material cost me $42.59. $42.59/50 = $85c. So, it costs me 85 cents to make each book mark and if I sell them for $1.99 each, I make $1.14 on each book mark. My profit margin is $1.14. If I sell all my book marks, I will make a profit of ($1.14 x 50 pieces of book mark) $57.
6. New price would be $1.79, and the profit would be $47 if Ｉsold them all. And the new profit margin is 94 cents each.
7. At the first 16 hours, the price is $1.99, if the feedback is okay, the price would not be changed. If the stocks seems not selling well, I will try to drop the price ot $1.79. At the last 2 hours, if there are something left, sell it at $1 – try to sell them all.
9. A) I will make a profit of $57 D) I will learn a lot about business and projects

Task 3
1.
steps timing
Choose my paper. For this, I wil need a thick cardstock paper in any pattern or texture. 15