Question

Ben owns an ice cream shop. Last quarter's income was $9,000; his cost of goods was $575, and his total expenses were $5,000.

What is Ben's Net Income for the last quarter?

Answer 1

$3,425

Explanation:

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Answer 2

Answer: $3,425

Explanation:

•Net income = Income - Cost of Goods sold - Expenses

- Ben's Income was $9,000. His cost of goods was $575, and total expenses were $5,000.

-So, $9,000 - $575 - $5,000 = $3,425