A bakery can sell muffins for $1 each. If it costs the bakery $5 to make 20 muffins, what percent of the money made from muffins sales is profit
5.00/20 = .25 per muffin
If you don't pay the sales people, 1.00-.25 = ?
To find the profit percentage, we need to determine the profit made from selling muffins and then calculate the percentage of the profit relative to the total sales.
First, let's calculate the total cost of making 20 muffins. We know that it costs $5 to make 20 muffins, so the cost of one muffin is $5/20 = $0.25.
Next, let's calculate the revenue from selling 20 muffins. Since each muffin is sold for $1, the total revenue is 20 x $1 = $20.
Now, let's calculate the profit. Profit is the difference between the revenue and the cost. In this case, profit = revenue - cost = $20 - $5 = $15.
Finally, we can calculate the profit percentage by dividing the profit by the revenue and multiplying by 100 to get the percentage. Profit percentage = (profit/revenue) x 100 = ($15/$20) x 100 = 0.75 x 100 = 75%.
Therefore, the profit from muffin sales is 75% of the money made from muffin sales.