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?

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MrRoyal MrRoyal · Answer 1 · 2020-10-13T16:59:48+02:00

Answer:

[tex]Profit = \$117.7[/tex]

Step-by-step explanation:

Given

Selling Price of:

[tex]Cookies = \$4.01[/tex]

[tex]Brownie = \$4.1[/tex]

[tex]Cake = \$30.54[/tex]

Quantities Sold:

[tex]Cookies = 13[/tex]

[tex]Brownies = 5[/tex]

[tex]Cake = 3[/tex]

Cost Price:

[tex]Cookies = \$1.79[/tex]

[tex]Brownie = \$0.63[/tex]

[tex]Cake = \$6.71[/tex]

Required

Determine the profit

First, we need to calculate the total cost price:

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

i.e.

[tex]Total\ Cost\ Price = \$1.79 * 13 + \$0.63 * 5 +\$6.71 * 3[/tex]

[tex]Total\ Cost\ Price = \$23.27 + \$3.15 +\$20.13[/tex]

[tex]Total\ Cost\ Price = \$46.55[/tex]

Then, the total selling price

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

[tex]Total\ Selling\ Price = \$4.01 * 13 + \$4.1 * 5 + \$30.54 * 3[/tex]

[tex]Total\ Selling\ Price = \$52.13 + \$20.5+ \$91.62[/tex]

[tex]Total\ Selling\ Price = \$164.25[/tex]

Profit is calculated as thus:

[tex]Profit = Total\ Selling\ Price - Total\ Cost\ Price[/tex]

[tex]Profit = \$164.25 - \$46.55[/tex]

[tex]Profit = \$117.7[/tex]