Answered

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At the end of the day, a local bakery sold 83 cakes and had to throw out 7 cakes due to baking errors. Each cake cost the bakery $6.25 to make. The bakery, in turn, sold each cake for $12.75. What was the total profit earned by the bakery today?

Sagot :

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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