Question

The monthly gross receipts for the ABC Copy Creation house amounted to $20,834.34. Unfortunately the expenses amounted to $18,750.91, but this did give the owner of the company some profit. What was the profit for the month?

Answer 1

the Profit for the month is $2,083.43

Explanation:

The computation of the profit for the month is shown below:

Profit for the month is

= Monthly gross receipts - expenses

= $20,834.34 - $18,750.91

= $2,083.43

hence, the Profit for the month is $2,083.43

We simply applied the above formula so that the correct value could come

And, the same is to be considered