New Upcoming Legal Jobs Free Workshop March 11 at 5 PM. Register here

    Question

    A bakery produces two types of cakes, chocolate and

    vanilla. The production cost for a chocolate cake is ₹200 and for a vanilla cake is ₹150. If the bakery produces 120 chocolate cakes and 80 vanilla cakes in a week, and sells them at a profit margin of 40% on the selling price of ₹350 for chocolate and ₹250 for vanilla, what is the total revenue generated from selling both types of cakes?
    A ₹80,000 Correct Answer Incorrect Answer
    B ₹75,000 Correct Answer Incorrect Answer
    C ₹62,000 Correct Answer Incorrect Answer
    D ₹70,000 Correct Answer Incorrect Answer

    Solution

    Selling price of chocolate cake = ₹350. Selling price of vanilla cake = ₹250. Total revenue from chocolate cakes = 120 * 350 = ₹42,000. Total revenue from vanilla cakes = 80 * 250 = ₹20,000. Total revenue from both = 42,000 + 20,000 = ₹62,000. Correct answer: C) ₹62,000

    Practice Next