Lauren runs a chili restaurant in San Francisco.Her total revenue last year equaled $111,000.The rent on her restaurant totaled $48,000.Her labor costs totaled $43,000.Her materials,food and other variable costs totaled $19,000.To Lauren's accountant,Lauren

Question

Quizplus · Accepted Answer

To find Lauren's profit, we need to subtract her total expenses (rent, labor, and variable costs) from her total revenue.

Profit = Total Revenue - Total Expenses
Profit = $111,000 - ($48,000 + $43,000 + $19,000)
Profit = $1,000

Therefore, Lauren earned a profit of $1,000. Choice B is correct.

Lauren Runs a Chili Restaurant in San Francisco