To calculate the total profit, we need to subtract the total cost from the total revenue.
Total Cost:
$14 (cost per cake) x Number of cakes made
Total Revenue:
$0 (as it is not given in the question)
Since we don't have the information about the number of cakes made and the total revenue, we cannot calculate the total profit. Therefore, it is not possible to determine the total profit based on the given information.
Unit 4 Portfolio Part 1
You want to start a bakery business to earn money. The total amount of money you will invest is $10,000. You will be selling cakes. It will cost you $14 to make each cake.
e)
Don’t forget that at the beginning of the process you had to spend some of your own money to get started. With the costs taken into account, what was your total profit?
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1 point
1 answer