To find the maximum total profit, we need to calculate the profit per cake and then multiply it by the total number of cakes we can make within the given time constraint.
Profit per cake = Selling price per cake - Cost per cake
Profit per cake = $50 - $14 = $36
Total number of cakes that can be made = 200 hours / time to make one cake
Total number of cakes = 200 hours / 3 hours per cake = 66.67 cakes (rounded down to the nearest whole number)
Maximum total profit = Profit per cake * Total number of cakes
Maximum total profit = $36 * 66 = $2,376
So, the maximum total profit is $2,376.
Since the profit is less than $10,000, the investment and time constraint do not allow us to profit from this venture.
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?
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1 point
Does the investment you make and the time constraint allow you to profit from this venture?
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1 point
Yes, I can make more than $10,000
No, I make less than $10,000
1 answer