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The equation that represents the total earnings, T, based on the price of each cake and the number of cakes sold, x, is:
T = $50x - $14x
Where:
- $50x represents the total revenue earned from selling x number of cakes at a price of $50 per cake.
- $14x represents the total cost incurred from making x number of cakes at a cost of $14 per cake.
Therefore, the equation can also be simplified as:
T = ($50 - $14)x
or
T = $36x