A bakery can sell muffins for $1 each. If it costs the bakery $5 to make 20 muffins, what percent of the money?
To calculate the percentage of the money that the bakery makes from selling muffins, we need to find the profit first.
To find the profit, subtract the cost of making the muffins from the total revenue:
Total revenue = Selling price per muffin × Number of muffins sold
Total revenue = $1 × 20 muffins = $20
Cost of making muffins = $5
Profit = Total revenue - Cost of making muffins
Profit = $20 - $5 = $15
Now, we can calculate the percentage of the money the bakery makes by dividing the profit by the total revenue and multiplying by 100:
Percentage = (Profit / Total revenue) × 100
Percentage = ($15 / $20) × 100
Percentage = 0.75 × 100
Percentage = 75%
Therefore, the bakery makes 75% of the money from selling muffins.