During 2016,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 need to subtract the expenses from the revenues:

$1,500,000 (revenues) - $800,000 (expenses) = $700,000

Therefore, the profit or loss amount is $700,000, which is option D.

During 2016,Just-The-One Jewelry Had Sales Revenues of $1,500,000