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Answer :
Answer:
The total profit earned by the bakery today was of $495.75.
Step-by-step explanation:
Spending:
83 + 7 = 90 cakes made, each costing 6.25. So
[tex]S = 90*6.25 = 562.5[/tex]
Earnings:
83 cakes sold by $12.75, so:
[tex]E = 83*12.75 = 1058.25[/tex]
Profit:
Earnings subtracted by spending, so:
[tex]P = E - S = 1058.25 - 562.5 = 495.75[/tex]
The total profit earned by the bakery today was of $495.75.
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To calculate the bakery's total profit for the day, the revenue from selling 83 cakes at $12.75 each is determined, followed by calculating the production cost for 90 cakes at $6.25 each. Subtracting the total production cost from revenue gives a total profit of $495.75.
To calculate the total profit earned by the bakery today, we need to calculate both the revenue from cakes sold and the cost of producing them, including those that had to be thrown out.
The revenue from cakes sold is determined by multiplying the number of cakes sold by the selling price per cake:
Revenue = 83 cakes*$12.75 per cake = $1,058.25
Total number of cakes = Cakes sold + Cakes thrown away = 83 cakes + 7 cakes = 90 cakes
Total production cost = 90 cakes*$6.25 per cake = $562.50
Total profit = Revenue - Total production cost = $1,058.25 - $562.50
Total profit = $495.75
Therefore, the total profit earned by the bakery today is $495.75.
