Question

Harry's Market has sales revenues of 150,000 during 2014. The market has expenses that totaled80,000. What is the market's profit or loss amount?

Answer 1

Harry's Market had a profit of $70,000 in 2014, calculated by subtracting the total expenses ($80,000) from the sales revenues ($150,000).

Step-by-step explanation:

Harry's Market's profit is calculated by subtracting the total expenses from the sales revenues. With sales revenues of $150,000 during 2014 and expenses that totaled $80,000, we can determine the profit using a simple formula:

Profit = Sales Revenue - Expenses

Profit = $150,000 - $80,000

Profit = $70,000

Therefore, Harry's Market's profit for the year 2014 was $70,000.