Question

If a revenue in total for a month was $9,550, fixed expenses were $9,000 and variable expenses were $300 what would be the total profit/loss for the month?

Answer 1

The total profit for the month is calculated by subtracting fixed and variable expenses from total revenue, which in this case is $250.

Step-by-step explanation:

To calculate the total profit or loss for the month, we'll need to subtract both the fixed expenses and variable expenses from the total revenue. The formula for computing profit or losses is:

Profit (or Loss) = Total Revenue - (Fixed Costs + Variable Costs)

In this case, given the total revenue of $9,550, fixed expenses of $9,000, and variable expenses of $300, we have:

Profit = $9,550 - ($9,000 + $300) = $9,550 - $9,300 = $250

So, the total profit for the month is $250.

Answer 2

Profit is $250.
9000 + 300 is 9300.
9550 - 9300 is $250.

Hope that helped!