If a bakery sells 250 loaves of bread per day at $2 each and has a daily operational cost of $300, what is the bakery's daily profit?.

Answer 1

To calculate the bakery's daily profit, we need to determine the total revenue and total costs.

1. Total Revenue: The bakery sells 250 loaves of bread at $2 each. \[ \text{Total Revenue} = \text{Number of loaves} \times \text{Price per loaf} = 250 \times 2 = 500 \text{ dollars} \]

2. Total Costs: The daily operational cost is given as $300.

3. Daily Profit: Profit is calculated as total revenue minus total costs. \[ \text{Daily Profit} = \text{Total Revenue} - \text{Total Costs} = 500 - 300 = 200 \text{ dollars} \]

Thus, the bakery's daily profit is $200.