Steph makes and sells birthday cakes. Each cake costs £54 to make.
She makes a profit of 15% on each cake.
What is the selling price of Steph's birthday cakes?
(2 marks)
£=
She would sell the cake at £62.20. I calculated this by cost to make * profit = sale price, so 54 * 1.15 = 62.20. The profit of 15% because profit is on top of the cost of the cake, so the one in 1.15 means the original value is being added onto.
