We sold cupcakes at a market today. Wanna know how much money we made? Yeah, me too. Let’s work it out.
I feel like a schoolkid with a smashed piggy bank, pouring the contents of the money bag onto the table and counting coins. There is $151. Woohoo! Okay, so let’s see how much of that is my actual profit.
I spent $20 on little boxes to put the cakes in if anyone wanted to buy more than one. That leaves $131. To book a table at the market cost $20. So, we’re down to $111. Not bad. Wait! I put $40 into the bag as the float when we started. That makes…$71 profit. *feels a tap on the shoulder* ‘You need to divide that by three.’ Oh. Okay. So my profit is $23.70. But I baked the cupcakes, which cost about $7.10 per batch. I made three batches. So I made $2.40 profit.
If I work that out as an hourly rate…12 hours spent making icing decorations, 3 hours baking, 5 hours last night putting them all together and 4 hours at the market today. That’s 24 hours. To make $2.40. Hmmm…10c an hour. If I tutor students privately, I get $40 an hour. Just saying.
On the positive side, I got to spend time with one of my best friends. Who else can say they get paid to hang out with their friends?