Question

Sammy is a baker who wants to make profit on his baked goods if it fits him 3.20 or o make a dozen cupcakes how much should he sell them if he wants to make 35% profit

Answer 1

For there to be a profit,

`\begin{gathered} \\ \text{profit}=\text{ selling price - cost price} \end{gathered}`

From the question,

`\begin{gathered} \text{Cost price = \$3.20} \\ \text{Percentage profit = 35\%} \end{gathered}`

Concept: The formula for the percent profit is given below as

`\text{percentage profit = }\frac{\text{profit}}{\cos t\text{ price}}*100\text{ \%}`