Question

Bakery A sells bread for $2 per loaf that costs $0.50 per loaf to make. Bakery A gives a 70% discount for its bread at the end of the day. What is the salvage value of its bread? $2.00 $0.10 $0.50 $0.60

Answer 1

Salvage value = $0.60

Step-by-step explanation:

Selling Price = $2 per loaf

Discount on price = 70%

So, salvage percentage is 100% -70% = 30%

So, Salvage value = Salvage/Percentage * Selling price

Salvage value = 30/100 * $

Salvage value = $0.60