Problem:
A bakery sells a cake for P250.00. The labor costs P32.50 per cake, flour costs P31.85, other costs add up to P92.10. What is the bakery's profit on each cake? What are the given facts?
Given:
price of cake = 250 php
labor cost = 32.50 php
cost of flour = 31.85 php
other cost = 92.10 php
Solution:
Bakery's profit = 200 - 32.50 - 31.85 - 92.10
Bakery's profit = 43.55 php for each cake
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