Jim paid $4 for a packet of 20 mini cakes.

Question

Jim paid $4 for a packet of 20 mini cakes. He opened the packet and sold each mini cake for $0.30. He sold 3660 mini cakes. What is the least number of packets of mini cakes he bought? How much money did he make?

Please tell me the final answer.

Answer 1

3,660 mini cakes at 20 per packet means he bought 3,660 / 20 = 183 packets

 

$40 per packet / 20 mini cakes = $0.20 per cake cost. He earns $0.10 per cake sold.

 

3,660 x .10 = $366 profit