e)
Don’t forget that at the beginning of the process you had to spend some of your own money to get started. With the costs taken into account, what was your total profit?
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1 point
Total Cost: $14 (cost per cake) x Number of cakes made Total Revenue: $0 (as it is not given in the question)
Based on the information given, it is not possible to determine the total profit. Total profit is calculated by subtracting the total cost from the total revenue. However, the total revenue is not given in the question.
To calculate the total profit, we need to know the total revenue as well. However, according to the given information, the total revenue is not provided. Therefore, we cannot determine the total profit without knowing the total revenue.
To calculate the total profit, we need to have the total revenue as well. Unfortunately, in the given question, the total revenue is not provided. Therefore, it is impossible to determine the total profit without knowing the total revenue.
However, if the total revenue is provided, we can calculate the total profit using the following formula:
Total Profit = Total Revenue - Total Cost
In this case, we have the total cost as $14 (cost per cake) multiplied by the number of cakes made. If you know the number of cakes made, you can multiply it by $14 and subtract this amount from the total revenue to find the total profit.