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26 September, 16:28

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 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?

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  1. 26 September, 19:08
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    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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