If total sales is $90 000, office expenses is $30 000 and rent expense is $15 000, profit or loss is which of the following?
A) $45 000 profit
B) $45 000 loss
C) $75 000 loss
D) $75 000 profit

Question

Quizplus · Accepted Answer

Profit is calculated by subtracting total expenses from total sales. Here, total expenses are $30,000 (office expenses) + $15,000 (rent expense) = $45,000. Subtracting this from total sales ($90,000) gives a profit of $45,000.

If Total Sales Is $90 000, Office Expenses Is $30