In 14 hours, the bakery's total expenses and receipts will both equal $448.
<h3>Definition of profit </h3>
Profit is total revenue less total cost. Total revenue is average receipts multiplied by total hours. Total cost is the average hourly operating costs multiplied by total hours.
Profit = total revenue - total cost
<h3>Determining total hours </h3>
The equation that would be used to determine the total hours when the amount used to buy the new equipment would be recovered is: $45h - $13h = $448
$32h = $448
h = $448 / $32
h = 14 hours
<h3>Total expenses and total receipts</h3>
Total expenses = $13 x 14 = $182
Total receipts = $45 x 14 = $630.
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