A small business owner sold $2500 worth of product in one month. The owner had to pay rent of $500 and materials costs of $1250. What was the profit for the month?

Question

Quizplus · Accepted Answer

Profit is calculated by subtracting the total expenses from the total revenue. In this case, the total expenses are $500 (rent) + $1250 (materials) = $1750. Therefore, the profit is $2500 (total revenue) - $1750 (total expenses) = $750.

A Small Business Owner Sold $2500 Worth of Product in One