Just-The-One Jewelry had sales revenues of $1,500,000.This retailer also had expenses that totaled $800,000.What is the firm's profit or loss amount?

Question

Quizplus · Accepted Answer

To calculate the profit or loss, we subtract the total expenses from the total revenues.

Profit/Loss = Total Revenues - Total Expenses

Profit/Loss = $1,500,000 - $800,000 = $700,000

Therefore, the answer is D) $700,000.

Just-The-One Jewelry Had Sales Revenues of $1,500,000