Percentages involving Finances: Profit, Loss, and Discount

Percentages involving Finances: Profit, Loss, and Discount

TGM Original Questions

A cake shop sells cupcakes and profits at a percentage of \(80\%\) on the cost of raw materials. The cost of raw materials then decreases by \(20\%\), thus the cake shop offers a discount of cupcake at \(10\%\) for \(10\) days. Then the cake shop retrieves the marked selling price while the cost of raw materials does not change.

  1. Find the percentage profit of the cake shop during the discounting period.
  2. Find the percentage profit of the cake shop after the discounting period.
  3. The marked selling price of each cupcake is \(\$18\). The cake shop sells \(120\) cupcakes on average every day during the \(10\) days of discount. After retrieving the marked selling price, the cake shop sells \(85\) cupcakes on average every day for another \(10\) days.
    Find the total amount of profit of this cake shop during the \(20\) days, considering only raw materials as the cost.

Video Solution:

Video Solution

Video solution locked

A free account saves your progress; this video needs a course plan.

Solution:

Solution locked

680+ questions here come with free worked solutions. A free account saves your questions and progress; this one needs a course plan.

Answer:(i) \(102.5\%\) (ii) \(125\%\) (iii) \(18\,340\) dollars

Need help? Join our E-Maths tuition for O-Level success.

Learn more