Question

A deluxe bakery sells a cookie for $4.01, a brownie for $4.1 and a cake for $30.54. On Wednesday they sold 13 cookies, 5 brownies and 3 cakes. The cost in ingredients for each cookie is $1.79, for,each brownie is $0.63 and for each cake is $6. 71. How much profit did they make on Wednesday?

Answer 1

Answer:

$Profit = \ 117.7$

Step-by-step explanation:

Given

Selling Price of:

$Cookies = \ 4.01$

$Brownie = \ 4.1$

$Cake = \ 30.54$

Quantities Sold:

$Cookies = 13$

$Brownies = 5$

$Cake = 3$

Cost Price:

$Cookies = \ 1.79$

$Brownie = \ 0.63$

$Cake = \ 6.71$

Required

Determine the profit

First, we need to calculate the total cost price:

Total Cost Price = Item Cost Price * Quantity ---- For each

i.e.

$Total\ Cost\ Price = \ 1.79 * 13 + \ 0.63 * 5 +\ 6.71 * 3$

$Total\ Cost\ Price = \ 23.27 + \ 3.15 +\ 20.13$

$Total\ Cost\ Price = \ 46.55$

Then, the total selling price

Total Selling Price = Item Selling Price * Quantity ---- For each

$Total\ Selling\ Price = \ 4.01 * 13 + \ 4.1 * 5 + \ 30.54 * 3$

$Total\ Selling\ Price = \ 52.13 + \ 20.5+ \ 91.62$

$Total\ Selling\ Price = \ 164.25$

Profit is calculated as thus:

$Profit = Total\ Selling\ Price - Total\ Cost\ Price$

$Profit = \ 164.25 - \ 46.55$

$Profit = \ 117.7$