Final answer:
Jesse's gross profit is calculated by subtracting the total cost of cakes ($120.00) from the total revenue ($400.00), resulting in a gross profit of $280.00.
Step-by-step explanation:
Jesse's gross profit from selling the cakes can be calculated by subtracting the total cost from the total revenue. First, we need to calculate the total revenue by multiplying the number of cakes sold by the selling price of each cake, which is 20 cakes × $20.00 = $400.00. Next, we calculate the total cost by multiplying the number of cakes sold by the cost of making each cake, which is 20 cakes × $6.00 = $120.00.
Now, subtract the total cost from the total revenue to find the gross profit: $400.00 - $120.00 = $280. Therefore, Jesse's gross profit is $280.00, and the correct answer is c. $280.To calculate Jesse's gross profit, we need to subtract the cost from the revenue. Jesse sold 20 cakes at $20.00 each, so the total revenue is 20 * $20.00 = $<<20*20=400>>400. The cost of each cake is $6.00, so the total cost is 20 * $6.00 = $<<20*6=120>>120. To find the gross profit, we subtract the cost from the revenue: $400 - $120 = $<<400-120=280>>280. Therefore, Jesse's gross profit is $280.