A bakery sells cakes for $20 each. The bakery has fixed costs of $500 per month, which include rent, utilities, and salaries. The variable costs, such as ingredients and packaging, amount to $8 per cake.
If the bakery sells 200 cakes in a month, calculate the total revenue, total cost, and profit for that month.
Answer:
Total Total revenue: $4000
Total cost: $2100
Profit: $1900
Step-by-step explanation:
If the bakery sells 200 cakes in a month, the total revenue would be $4000, the total cost would be $2100, and the profit would be $1900.
Answer:
Total Total revenue: $4000
Total cost: $2100
Profit: $1900
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