A baker bought flour and other ingredients for S250.00, spent S52.00 on distribution, sold the bread for S320.00. The value added by the baker.
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Correct Answer: Option C
Explanation:
Value added by the baker simply means profit which is calculated thus, profit= selling price - cost price
= $320 - (250 + 52)
= $320 - 302
Profit = $18
Value added by the baker simply means profit which is calculated thus, profit= selling price - cost price
= $320 - (250 + 52)
= $320 - 302
Profit = $18