Answer:
Hint: We will calculate Profit Percentage by using formula:
Profit Percentage = 100×ProfitTotal Cost Price%" role="presentation" style="box-sizing: border-box; font-family: "Open Sans", sans-serif; -webkit-tap-highlight-color: rgba(255, 255, 255, 0); display: inline; font-style: normal; font-weight: normal; line-height: 49px; font-size: 16px; text-indent: 0px; text-align: left; text-transform: none; letter-spacing: normal; word-spacing: normal; overflow-wrap: normal; white-space: nowrap; float: none; direction: ltr; max-width: none; max-height: none; min-width: 0px; min-height: 0px; border: 0px; padding: 0px; margin: 0px; position: relative;">100×ProfitTotal Cost Price%100×ProfitTotal Cost Price%
The gain or loss is always calculated on the cost price.
Complete step-by-step answer:
Let us assume that the total number of cakes baked are 100 and let the price of each cake be Rs. 100.
Then, Total Cost Price of 100 Cakes = Price of 1 cake ×" role="presentation" style="box-sizing: border-box; font-family: "Open Sans", sans-serif; -webkit-tap-highlight-color: rgba(255, 255, 255, 0); display: inline; font-style: normal; font-weight: normal; line-height: 49px; font-size: 16px; text-indent: 0px; text-align: left; text-transform: none; letter-spacing: normal; word-spacing: normal; overflow-wrap: normal; white-space: nowrap; float: none; direction: ltr; max-width: none; max-height: none; min-width: 0px; min-height: 0px; border: 0px; padding: 0px; margin: 0px; position: relative;">×× Total number of cakes = 100×100=10000" role="presentation" style="box-sizing: border-box; font-family: "Open Sans", sans-serif; -webkit-tap-highlight-color: rgba(255, 255, 255, 0); display: inline; font-style: normal; font-weight: normal; line-height: 49px; font-size: 16px; text-indent: 0px; text-align: left; text-transform: none; letter-spacing: normal; word-spacing: normal; overflow-wrap: normal; white-space: nowrap; float: none; direction: ltr; max-width: none; max-height: none; min-width: 0px; min-height: 0px; border: 0px; padding: 0px; margin: 0px; position: relative;">100×100=10000100×100=10000 Rs.
Bakery earns a profit of 40% by selling each cake at Marked Price.
Thus, Marked Price of 1 cake = 100 + 40% of 100
Marked price of 1 cake = 100+40100×100=100+40=140" role="presentation" style="box-sizing: border-box; font-family: "Open Sans", sans-serif; -webkit-tap-highlight-color: rgba(255, 255, 255, 0); display: inline; font-style: normal; font-weight: normal; line-height: 49px; font-size: 16px; text-indent: 0px; text-align: left; text-transform: none; letter-spacing: normal; word-spacing: normal; overflow-wrap: normal; white-space: nowrap; float: none; direction: ltr; max-width: none; max-height: none; min-width: 0px; min-height: 0px; border: 0px; padding: 0px; margin: 0px; position: relative;">100+
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Answers & Comments
Answer:
Hint: We will calculate Profit Percentage by using formula:
Profit Percentage = 100×ProfitTotal Cost Price%" role="presentation" style="box-sizing: border-box; font-family: "Open Sans", sans-serif; -webkit-tap-highlight-color: rgba(255, 255, 255, 0); display: inline; font-style: normal; font-weight: normal; line-height: 49px; font-size: 16px; text-indent: 0px; text-align: left; text-transform: none; letter-spacing: normal; word-spacing: normal; overflow-wrap: normal; white-space: nowrap; float: none; direction: ltr; max-width: none; max-height: none; min-width: 0px; min-height: 0px; border: 0px; padding: 0px; margin: 0px; position: relative;">100×ProfitTotal Cost Price%100×ProfitTotal Cost Price%
The gain or loss is always calculated on the cost price.
Complete step-by-step answer:
Let us assume that the total number of cakes baked are 100 and let the price of each cake be Rs. 100.
Then, Total Cost Price of 100 Cakes = Price of 1 cake ×" role="presentation" style="box-sizing: border-box; font-family: "Open Sans", sans-serif; -webkit-tap-highlight-color: rgba(255, 255, 255, 0); display: inline; font-style: normal; font-weight: normal; line-height: 49px; font-size: 16px; text-indent: 0px; text-align: left; text-transform: none; letter-spacing: normal; word-spacing: normal; overflow-wrap: normal; white-space: nowrap; float: none; direction: ltr; max-width: none; max-height: none; min-width: 0px; min-height: 0px; border: 0px; padding: 0px; margin: 0px; position: relative;">×× Total number of cakes = 100×100=10000" role="presentation" style="box-sizing: border-box; font-family: "Open Sans", sans-serif; -webkit-tap-highlight-color: rgba(255, 255, 255, 0); display: inline; font-style: normal; font-weight: normal; line-height: 49px; font-size: 16px; text-indent: 0px; text-align: left; text-transform: none; letter-spacing: normal; word-spacing: normal; overflow-wrap: normal; white-space: nowrap; float: none; direction: ltr; max-width: none; max-height: none; min-width: 0px; min-height: 0px; border: 0px; padding: 0px; margin: 0px; position: relative;">100×100=10000100×100=10000 Rs.
Bakery earns a profit of 40% by selling each cake at Marked Price.
Thus, Marked Price of 1 cake = 100 + 40% of 100
Marked price of 1 cake = 100+40100×100=100+40=140" role="presentation" style="box-sizing: border-box; font-family: "Open Sans", sans-serif; -webkit-tap-highlight-color: rgba(255, 255, 255, 0); display: inline; font-style: normal; font-weight: normal; line-height: 49px; font-size: 16px; text-indent: 0px; text-align: left; text-transform: none; letter-spacing: normal; word-spacing: normal; overflow-wrap: normal; white-space: nowrap; float: none; direction: ltr; max-width: none; max-height: none; min-width: 0px; min-height: 0px; border: 0px; padding: 0px; margin: 0px; position: relative;">100+