Question

Here’s the revenue and expenses for the month. Calculate whenever Mia had profit or loss.

Answer 1

Profit = $200

Explanation:

Total revenue = $9,500

Fixed expenses = $9,000

Variable expenses = $300

Total expenses = Fixed expenses + Variable expenses

= $9,000 + $300

= $9,300

Total expenses = $9,300

Profit is when revenue is greater than expenses

Loss is when revenue is less than expenses

Mia made profit because her revenue is more than her expenses

Profit = Revenue - Expenses

= $9,500 - $9,300

= $200

Profit = $200