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. you plan to sell each cake for $50. write an equation that represents your total earning, 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 each cake and the number of cakes sold, x, is:
T = $50x - $14x
Where:
- $50x represents the total revenue earned from selling x number of cakes at a price of $50 per cake.
- $14x represents the total cost incurred from making x number of cakes at a cost of $14 per cake.
Therefore, the equation can also be simplified as:
T = ($50 - $14)x
or
T = $36x