Question

radar plumbers do plumbing for household.Their service for the year bought in an income of R86000 .They paid out R36 200 for material ,R12400 for water and electricity,R3 800 for telephone and R18 900 for other expenses.. calculate whether the business make profit or loss​

Answer 1

the business is making a profit of R14700

Step-by-step explanation:

A business earns a profit if total cost is less than revenue and a business earns a loss of total cost exceeds revenue

total cost = R36 200 + ,R12400 + ,R3 800 + R18 900 = 71,300

total revenue = R86000

revenue exceeds cost, so a profit is being made

profit = R86000 - 71,300 = R14,700