Remember it costs $14 to make the cakes and you are selling them for $50 each. If you only spend the 200 hours making the cakes, what was your maximum total profit

Answer 1

To find the maximum total profit, we need to consider both the cost of making the cakes and the revenue from selling them.

Cost of making the cakes:
It costs $14 to make one cake.
If you spend 200 hours making the cakes, and each cake takes the same amount of time to make, we can assume you can make 200/1 = 200 cakes.
The cost of making 200 cakes is 200 * $14 = $2800.

Revenue from selling the cakes:
You are selling each cake for $50.
If you sell 200 cakes, the revenue from selling them is 200 * $50 = $10,000.

Total profit:
Total profit is calculated by subtracting the cost of making the cakes from the revenue from selling them.
Total profit = Revenue - Cost = $10,000 - $2800 = $7200.

Therefore, your maximum total profit is $7200.