Problem:
Bridget bakes loaves of bread for her bakery. She sells half of them in the morning for each. In the afternoon she sells two thirds of what she has left, and because they are not fresh, she charges only half price. In the late afternoon she sells the remaining loaves at a dollar each. Each loaf costs for her to make. In dollars, what is her profit for the day?
Answer Choices:
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Solution:
In the morning, Bridget sells half of her loaves of bread for . In the afternoon, she sells loaves of bread for . Finally, she sells the remaining loaves of bread for . Her total cost is . Her profit is dollars.
The problems on this page are the property of the MAA's American Mathematics Competitions