Answer:
$1.20
Explanation:
Let the cost of a cupcake be c and the cost of a loaf of bread be b.
This means that 3c+b=5.60 and 2c+2b=6.40.
The second equation implies that c+b=3.20.
Subtracting this from the first equation yields 2c=2.40, and thus c=1.20.