A factory baked some cakes. 70% of the cakes were sold at full price and 3/4 of the remainder were sold at a discount of 40%. The remaining 33 cakes were spoilt and had to be thrown away. The factory collected $17635.20 from the sales of the cakes. What was the full price of a cake?
Let number of cakes baked be C
After 70% were sold at full price, 30% of C, or .3C remained
After ¾ of remainder were sold at a discount, ¼ of remainder, or ¼(.3C), or remained
Since 33 cakes remained in the end, then
.3C = 4(33) ----- Cross-multiplying
Number of cakes baked, or
With number of cakes baked being 440, and 70%, or 308 (.7 * 440) being sold at full price (P),
proceeds from sale at full price = 308P
With ¾ of remainder, or ¾(440 - 308) = ¾(132) = 3(33) = 99 being sold at a 40% discount (price of .6P),
proceeds from selling 99 at a 40% discount = 99(.6P) = 59.4P
With proceeds from all sales being 17,635.2, we get: 308P + 59.4P = 17,635.2
367.4P = 17,635.2
Full price of a cake, or