Question

It costs a bakery $3 to sell a single cake. This bakery makes $7 in revenue from each cake it sells. Assume this bakery sells 25 cakes. What is its total profits

Answer 1

Answer:

$100

Explanation:

The revenue is the total amount the company receives for the sale of products and the profit is the amount left after the costs are subtracted. Because of that, to calculate the profit you have to subtract  the costs from the revenue generated:

Profit= Revenue-costs

Profit= (7*25)-(3*25)

Profit=175-75

Profit= 100

According to this, the total profit is $100.