the cost of making cake is 3 dollar. if the backer wishes to make a profit of 5 dollar per cake and the cake is to be cut into 16 pieces, what is selling price of each piece?
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The Cost of Making the Cake is 3 Dollar
and Baker need the profit of 5 Dollar per Cake
Then the Baker should sold the Cake at 8 Dollar
The cake is to be cut into 16 pieces
Then cost of each piece of cake. so that Baker get the profit of 5 Dollar is
8/16
1/2 Dollar
Hence, the Selling Price of Each piece of Cake is 1/2 Dollar then the Baker got a Profit of 5 Dollar.
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