By selling cakes at ₹84 per dozen, a baker earns a profit of 12%. At what price must he sell each cake so as to earn a profit of 20%?
Answers
Answer:
System -This should help!
Step-by-step explanation:
System-This should help!
Answer:
The baker should promote every cake at ₹8.75 to earn a earnings of 20%.
Step-by-step explanation:
Let's begin through discovering out the fee of one cake when the baker sells at ₹84 per dozen and earns a 12% profit.
Profit earned = 12%
Cost rate = one hundred percent - 12%
= 88% of promoting price
Cost of 1 dozen desserts = ₹84
Cost of 1 cake = ₹84/12
Cost of 1 cake = ₹7
Now, we want to discover the promoting fee per cake when the baker wishes to earn a income of 20%.
Profit preferred = 20%
Cost rate = a hundred percent - 20%
= 80% of promoting price
Let's anticipate the promoting rate of one cake is x.
According to the question, we can set up the following equation to locate x:
Cost fee + Profit = Selling price
0.8x + 0.2x = Cost rate + Profit
0.8x + 0.2x = ₹7 + 20% of x
x = (₹7 + 0.2x)/0.8
x = ₹8.75
Therefore, the baker should promote every cake at ₹8.75 to earn a earnings of 20%.
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