A baker made 100 cakes for ₹3000. Due to an accident, 10 cakes were damaged. At what price per cake should he sell the remaining cakes to make an overall profit of 15%?
Show answer & explanation
Correct answer: D
Explanation
Total cost price of 100 cakes = ₹3000
Total selling price for a 15% profit = 3000 × 115/100 = ₹3450
10 cakes were spoiled, so sellable cakes = 100 − 10= 90
Selling price per cake = 3450/90= ₹38.33