This week,Billy Bob's Barbeque had sales of $4,000.Employees were paid $1,000;food costs were $1,500;and rent was $500.Profit for the week was (select one)

Question

Quizplus · Accepted Answer

Profit is calculated by subtracting total expenses from total sales. Here, total expenses are $1,000 (employees) + $1,500 (food costs) + $500 (rent) = $3,000. Subtracting this from sales of $4,000 gives a profit of $1,000.

This Week,Billy Bob's Barbeque Had Sales of $4,000