Question

A cafe owner makes 50 mini pizzas and 50 flapjacks for sale during the day. The pizzas are sold for $2.00 each and the flapjacks are sold for $1.00 each. However, by the end of lunchtime there are 10 mini pizzas still unsold and 15 flapjacks unsold, so the price of each is halved for the afternoon. At the end of the day there are still 2 mini pizzas and 1 flapjack left which are given away free to the last customer. If the original 50 mini pizzas and 50 flapjacks had a combined production cost of $30.00, how much profit is made on the sale of the mini pizzas and flapjacks for the day?

A) $40.00
B) $45.00
C) $50.00
D) $55.00

Answer 1

The profit made on the sale of mini pizzas and flapjacks for the day is $120.00.

Step-by-step explanation:

To calculate the profit made on the sale of mini pizzas and flapjacks for the day, we need to determine the total revenue and subtract it from the combined production cost.

First, let's calculate the total revenue from the sale of mini pizzas and flapjacks.

Initially, there were 50 mini pizzas and 50 flapjacks. At $2.00 each, the revenue from selling all of them would be:

Revenue from mini pizzas = 50 x $2.00 = $100.00

Revenue from flapjacks = 50 x $1.00 = $50.00

Total revenue = $100.00 + $50.00 = $150.00

Now, let's subtract the combined production cost of $30.00 from the total revenue to calculate the profit:

Profit = Total revenue - Combined production cost = $150.00 - $30.00 = $120.00

Therefore, the profit made on the sale of mini pizzas and flapjacks for the day is $120.00.