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11Alexandr11 [23.1K]
3 years ago
14

Question Number 9 At the end of the day, a local bakery sold 83 cakes and had to throw out 7 cakes due to baking errors. Each ca

ke 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?
Business
1 answer:
IgorC [24]3 years ago
7 0

Answer:

The profit earned by the bakery is $ 495.75

Explanation:

Data provided:

The number of cakes sold by the bakery = 83

The number of cakes thrown out = 7

Cost of each cake = $ 6.25

Selling cost of each cake = $ 12.75

Now,

the total sales value for the bakery = cakes sold × selling Cost of each cake

or

the total sales value for the bakery = 83 × $ 12.75 = $ 1,058.25

Now,

the total cost of making the cakes

= (cakes sold + cakes thrown) × Cost of each cake

or

= ( 83 + 7 ) × $ 6.25

or

= $ 562.5

Therefore,

the total profit earned by the bakery at the end of the day

= total sales value - total cost of making

or

= $ 1,058.25 - $ 562.5

= $ 495.75

Hence, the profit earned by the bakery is $ 495.75

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A Treasury bill with 119 days to maturity is quoted at 97.630. What are the bank discount yield, the bond equivalent yield, and
Dovator [93]

Answer:

discount yield=7.17%

bond equivalent yield=7.34%

effective annual yield =7.64%

Explanation:

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where t is the number of days to maturity

discount =face value -issue price

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Answer:

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