Unit 4 Portfolio Part 1
You want to start a bakery business to earn money. The total amount of money you will invest is $10,000. You will be selling cakes. It will cost you $14 to make each cake.
c)
You plan to sell each cake for $50. Write an equation that represents your total earnings, T, based on the price of your cake and how many you sell. Let x represent the number of cakes you sell.
* Use T and x as your variables
The equation that represents the total earnings, T, based on the price of the cake and the number of cakes sold, x, is:
T = 50x
The equation that represents the total earnings, T, based on the price of your cake and how many you sell can be written as:
T = $50x
Here, T represents the total earnings and x represents the number of cakes you sell.
To find the equation that represents your total earnings, T, based on the price of your cake and the number of cakes you sell, we will use the following information:
- The total amount of money you will invest is $10,000.
- It will cost you $14 to make each cake.
- You plan to sell each cake for $50.
- Let x represent the number of cakes you sell.
The equation for your total earnings can be calculated by subtracting the cost to make each cake from the selling price and then multiplying it by the number of cakes sold:
Total Earnings (T) = (Selling Price - Cost to Make Each Cake) * Number of Cakes Sold
Substituting the given values into the equation, we have:
T = (50 - 14) * x
Simplifying this expression, we get:
T = 36x
So, the equation that represents your total earnings is T = 36x.