Answer:
- The baker makes £3.50 profit on smaller cakes
================================
Given
Large cake:
- Price = £6.80,
- Profit = 70%
Small cake:
- Number = 6,
- Price = £6.50,
- Dimensions = each side is 1/2 of the large cake
Solution
The profit is the difference of the cost and selling price.
Find the cost x of large cake:
- x + 70% = 6.80
- 1.7x = 6.80
- x = 4
Find the volume of the pack of smaller cakes, taking the volume of the large cake as a unit:
Cost of the pack of smaller cakes is proportional to the volume:
Profit made on smaller cakes: