Question

Taylor's Grocery Store revenue for this year is $91,750.00. The store manager noticed an increase of $3,000 in the store's expenses. She has determined that the total expenses equal to $81,000. Will this business net a profit or loss? _________________ How much of a profit or loss? ___________________

Answer 1

This business will net a profit of $10750

Step-by-step explanation:

Revenue of Taylor's Grocery Store for this year = $91,750.00

Total expense of Taylor's Grocery Store for this year = $81,000.

Revenue > Expense

Since Revenue is more than Expense . So, this is the case of profit.

Profit = Revenue - expense

So, Profit = 91750-81000

Profit = 10750

Hence this business will net a profit of $10750