Question

A small business owner is determining her profit for one month. Her expenses were$230.21 for utilities, $2,679.82 for rent, and $3,975.00 for employee salaries. Shehad $11,449.27 in sales for the month. What is her profit?a. $4,550.00b. $4,564.24C. $4,794.45d. $5,034.66

Answer 1

B) $4,564.24

Step-by-step explanation:

We are given the following information:

Expenses:

Utilities = $230.21

Rent = $2,679.82

Employee Salaries = $3,975.00

Sales = $11,449.27

The profit is obtained by the difference between Sales and Expenses as shown below:

`\begin{gathered} Profit=Sales-Expenses \\ Profit=11,449.27-(230.21+2,679.82+3,975.00) \\ Profit=11,449.27-6885.03 \\ Profit=4564.24 \\ \\ \therefore Profit=\text{\$}4564.24\text{ } \end{gathered}`

Therefore, the correct option is B