Question

Samuel's Coffee Shop earned $5,500 in income last week, and the expenses were $3,900. What was Samuel's profit or loss for the week?

Answer 1

To find Samuel's Coffee Shop profit, deduct the expenses ($3,900) from the income ($5,500), resulting in a profit of $1,600 for the week.

Step-by-step explanation:

To calculate Samuel's Coffee Shop profit for the week, you subtract the total expenses from the total income. In this case, the income is $5,500 and the expenses are $3,900. Using the formula for profit:

Profit = Total Income - Total Expenses

Profit = $5,500 - $3,900 = $1,600

Therefore, Samuel's Coffee Shop had a profit of $1,600 for the week.