gaming lounge budget\nthe table represents a short - term budget for a local gaming lounge.\nwhat is the…

gaming lounge budget\nthe table represents a short - term budget for a local gaming lounge.\nwhat is the amount in cell c17?\nenter your answer in the box\n$

gaming lounge budget\nthe table represents a short - term budget for a local gaming lounge.\nwhat is the amount in cell c17?\nenter your answer in the box\n$

Answer

Explanation:

Step1: Recall the formula for profit

Profit = Total Revenue - Total Expenses.

Step2: Identify total revenue and total expenses

Total Revenue (from cell C6) is ( $15,150), total expenses (from cell C16) is ( $14,200).

Step3: Calculate profit

Profit (=15150 - 14200). [ \begin{align*} 15150-14200&=(15000 + 150)-(14000+200)\ &=(15000-14000)+(150 - 200)\ &=1000-50\ & = 950 \end{align*} ]

Answer:

(950)